TY 2015 Form 990

- TIN:

Form990

Department of the TreasuryInternal Revenue Service

Return of Organization Exempt From Income Tax

Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except private
foundations)

Do not enter social security numbers on this form as it may be made public.

Information about Form 990 and its instructions is at www.IRS.gov/form990.

OMB No. 1545-0047

2015

Open to Public Inspection

A For the 2015 calendar year, or tax year beginning 07-01-2015 , and ending 06-30-2016

BCheck if applicable: Address change Name change Initial return Final return/terminated Amended return Application pending

CName of organization
DREXEL UNIVERSITY

Doing business as

Number and street (or P.O. box if mail is not delivered to street address)
3201 ARCH STREET NO 420

Room/suite

City or town, state or province, country, and ZIP or foreign postal code
PHILADELPHIA, PA191042875

D Employer identification number

23-1352630

E Telephone number

G Gross receipts $ 1,356,405,948

F Name and address of principal officer:
JOHN A FRY
3141 CHESTNUT ST
PHILADELPIA,PA19104

Tax-exempt status: 501(c)(3) 501(c) ( ) LeftBullet

(insert no.) 4947(a)(1) or 527

Website:

WWW.DREXEL.EDU

H(a)

Is this a group return for
subordinates? Yes No

H(b)

Are all subordinates
included?

Yes No

If "No," attach a list. (see instructions)

H(c)

Group exemption number MediumBullet

K Form of organization: Corporation Trust Association Other MediumBullet

L Year of formation: 1894

M State of legal domicile: PA

Part I

Summary

1	Briefly describe the organization’s mission or most significant activities: INTEGRATED ACADEMIC OFFERINGS ENHANCED BY TECHNOLOGY, COOPERATIVE EDUCATION AND CLINICAL PRACTICE
2	Check this box
3	Number of voting members of the governing body (Part VI, line 1a) ........	3	49
4	Number of independent voting members of the governing body (Part VI, line 1b) .....	4	42
5	Total number of individuals employed in calendar year 2015 (Part V, line 2a) ......	5	12,947
6	Total number of volunteers (estimate if necessary) .............	6	2,180
7a	Total unrelated business revenue from Part VIII, column (C), line 12 ........	7a	6,476,481
b	Net unrelated business taxable income from Form 990-T, line 34 .........	7b	2,446,445

		Prior Year	Current Year
8	Contributions and grants (Part VIII, line 1h) .........	167,363,697	180,378,244
9	Program service revenue (Part VIII, line 2g) .........	1,050,285,256	1,086,337,623
10	Investment income (Part VIII, column (A), lines 3, 4, and 7d ) ....	28,667,487	2,950,566
11	Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e)	24,520,026	27,489,353
12	Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)	1,270,836,466	1,297,155,786
13	Grants and similar amounts paid (Part IX, column (A), lines 1–3 )...	285,457,513	325,211,032
14	Benefits paid to or for members (Part IX, column (A), line 4).....	0	0
15	Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10)	604,125,531	626,572,748
16a	Professional fundraising fees (Part IX, column (A), line 11e) .....	187,686	250,152
b	Total fundraising expenses (Part IX, column (D), line 25) 15,202,917
17	Other expenses (Part IX, column (A), lines 11a–11d, 11f–24e)....	309,535,474	320,597,181
18	Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25)	1,199,306,204	1,272,631,113
19	Revenue less expenses. Subtract line 18 from line 12.......	71,530,262	24,524,673
		Beginning of Current Year	End of Year
20	Total assets (Part X, line 16).............	1,943,620,563	1,986,733,444
21	Total liabilities (Part X, line 26).............	827,926,902	849,689,263
22	Net assets or fund balances. Subtract line 21 from line 20.....	1,115,693,661	1,137,044,181

Part II

Signature Block

Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.

Sign Here

	Signature of officer	Date

	Type or print name and title

Paid Preparer Use Only

Print/Type preparer's name

Preparer's signature

Date

Check if
self-employed

PTIN

Firm's name MediumBullet

Firm's EIN MediumBullet

Firm's address MediumBullet

Phone no.

May the IRS discuss this return with the preparer shown above? (see instructions) ..........YesNo

For Paperwork Reduction Act Notice, see the separate instructions.

Cat. No. 11282Y Form 990 (2015)

Form 990 (2015)

Page 2

Part III

Statement of Program Service Accomplishments

Check if Schedule O contains a response or note to any line in this Part III ..............

Briefly describe the organization’s mission: DREXEL UNIVERSITY FULFILLS OUR FOUNDER'S VISION OF PREPARING EACH NEW GENERATION OF STUDENTS FOR PRODUCTIVE PROFESSIONAL AND CIVIC LIVES WHILE ALSO FOCUSING OUR COLLECTIVE EXPERTISE ON SOLVING SOCIETY'S GREATEST PROBLEMS. DREXEL IS AN ACADEMICALLY COMPREHENSIVE AND GLOBALLY ENGAGED URBAN RESEARCH UNIVERSITY, DEDICATED TO ADVANCING KNOWLEDGE AND SOCIETY AND TO PROVIDING EVERY STUDENT WITH A VALUABLE, RIGOROUS, EXPERIENTIAL, TECHNOLOGY-INFUSED EDUCATION, ENRICHED BY THE NATION'S PREMIER CO-OPERATIVE EDUCATION PROGRAM.

Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ..................... Yes No

If "Yes," describe these new services on Schedule O.

Did the organization cease conducting, or make significant changes in how it conducts, any program
services? ........................... Yes No

If "Yes," describe these changes on Schedule O.

Describe the organization’s program service accomplishments for each of its three largest program services, as measured by expenses. Section 501(c)(3) and 501(c)(4) organizations are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.


4a	(Code: ) (Expenses $ 850,667,893 including grants of $ 312,334,115 ) (Revenue $ 959,363,251 )
	INSTRUCTIONDREXEL IS A COMPREHENSIVE NATIONAL RESEARCH UNIVERSITY DEDICATED TO PROVIDING QUALITY UNDERGRADUATE, GRADUATE AND PROFESSIONAL EDUCATION FEATURING EXCELLENT ACADEMICS, STATE-OF-THE-ART TECHNOLOGY AND A FOCUS ON REAL-WORLD LEARNING AND SERVICE. THE UNIVERSITY'S MISSION SERVES TRADITIONAL, ADULT AND ONLINE STUDENTS. DREXEL OFFERS NATIONALLY ACCREDITED PROGRAMS THAT MEET THE CHANGING NEEDS OF SOCIETY, INCLUDING MORE THAN 80 BACHELOR'S DEGREE PROGRAMS AND MORE THAN 120 GRADUATE AND PROFESSIONAL DEGREE PROGRAMS ORGANIZED IN 16 COLLEGES AND SCHOOLS: COLLEGE OF ARTS AND SCIENCES; SCHOOL OF BIOMEDICAL ENGINEERING, SCIENCE AND HEALTH SYSTEMS; BENNETT S. LEBOW COLLEGE OF BUSINESS; COLLEGE OF COMPUTING & INFORMATICS; SCHOOL OF EDUCATION; COLLEGE OF ENGINEERING; CHARLES D. CLOSE SCHOOL OF ENTREPRENEURSHIP; GRADUATE COLLEGE; PENNONI HONORS COLLEGE; CENTER FOR HOSPITALITY AND SPORT MANAGEMENT; THOMAS R. KLINE SCHOOL OF LAW; ANTOINETTE WESTPHAL COLLEGE OF MEDIA ARTS & DESIGN; COLLEGE OF MEDICINE; COLLEGE OF NURSING AND HEALTH PROFESSIONS; RICHARD C. GOODWIN COLLEGE OF PROFESSIONAL STUDIES AND DANA AND DAVID DORNSIFE SCHOOL OF PUBLIC HEALTH. A STRATEGIC PLAN THROUGH 2019, "TRANSFORMING THE MODERN URBAN UNIVERSITY," GUIDES DREXEL'S EFFORTS TO INVEST FURTHER IN ACADEMIC EXCELLENCE, SERVE MORE STUDENTS WHILE IMPROVING THE STUDENT EXPERIENCE AND ENHANCE THE UNIVERSITY'S GLOBAL IMPACT. THE PLAN PAYS SPECIAL ATTENTION TO ENSURING THAT DREXEL'S ACADEMIC ENTERPRISE HELPS STRENGTHEN THE NEIGHBORHOODS AROUND ITS CAMPUSES. DREXEL IS THE LEAD ACADEMIC PARTNER IN THE APPLICATION AND IMPLEMENTATION PROCESS FOR THE FEDERAL PROMISE ZONE IN WEST PHILADELPHIA, ONE OF THE FIRST FIVE LOCATIONS CHOSEN FOR A WHITE HOUSE INITIATIVE TO DIRECT RESOURCES TO THE NATION'S MOST PERSISTENTLY POVERTY-STRICKEN COMMUNITIES. AS THE UNITED STATES TRANSITIONS TO AN INFORMATION ECONOMY, MANY JOBS REQUIRE THE CRITICAL THINKING AND PROBLEM-SOLVING SKILLS INSTILLED BY GRADUATE EDUCATION. DREXEL LAUNCHED ITS GRADUATE COLLEGE IN 2015 TO BETTER COORDINATE GRADUATE EDUCATION AT THE UNIVERSITY AND ENSURE GRADUATE STUDENT SUCCESS.DREXEL HAS MADE A STRATEGIC COMMITMENT TO HELP IMPROVE THE NATION'S GLOBAL COMPETITIVENESS BY INCREASING STUDENTS' INTERNATIONAL ENGAGEMENT TO BUILD CULTURAL COMPETENCIES. IN RECENT YEARS, THE UNIVERSITY HAS GROWN THE NUMBER OF STUDY ABROAD OPPORTUNITIES BY MORE THAN A QUARTER AND THE NUMBER OF GLOBAL POSITIONS IN DREXEL'S SIGNATURE COOPERATIVE EDUCATION PROGRAM BY A THIRD, WHILE TRIPLING BOTH THE PROGRAMMING OF THE OFFICE OF INTERNATIONAL PROGRAMS AND THE TOTAL NUMBER OF INITIATIVES AT DREXEL THAT SUPPORT CROSS-CULTURAL EDUCATION AND ENGAGEMENT.UNDERGRADUATE ENROLLMENT FOR ACADEMIC YEAR 2015-2016 = 16,464GRADUATE AND PROFESSIONAL ENROLLMENT FOR ACADEMIC YEAR 2015-2016 = 8,733 NUMBER OF DEGREES CONFERRED IN ACADEMIC YEAR 2015-2016: ASSOCIATE DEGREES = 29 BACHELOR'S DEGREES = 3,657 MASTER'S DEGREES = 2,445 DOCTORAL DEGREES = 702 CERTIFICATES AND OTHER = 350

4b	(Code: ) (Expenses $ 119,304,466 including grants of $ 12,876,917 ) (Revenue $ 22,757,732 )
	RESEARCHDREXEL RESEARCHERS WORK ACROSS DISCIPLINES TO INCREASE THE WORLD'S STORE OF KNOWLEDGE AND TRANSLATE THAT NEW KNOWLEDGE INTO SOLUTIONS WITH TREMENDOUS POSITIVE IMPACT ON SOCIETY. THE UNIVERSITY'S RESEARCH ENTERPRISE CONTINUES TO GROW AND ATTRACT INCREASING EXTRAMURAL SUPPORT, INCLUDING SPONSORED RESEARCH FUNDING OF $109 MILLION IN FY2016. DREXEL HAS DEEP EXPERTISE IN TRANSLATIONAL RESEARCH, WHICH IS RIGOROUS ACADEMIC WORK THAT TANGIBLY TRANSLATES INTO INTELLECTUAL PROGRESS AND SOCIAL GOOD. RANKED NUMBER 49 AMONG UNIVERSITIES WORLDWIDE FOR THE NUMBER OF U.S. PATENTS ISSUED IN 2016, ACCORDING TO THE METHODOLOGY OF THE INTELLECTUAL PROPERTY OWNERS ASSOCIATION, DREXEL STRIVES TO CREATE COMMERCIAL TECHNOLOGIES THAT POSITIVELY IMPACT HEALTH AND QUALITY OF LIFE.DREXEL IS COMMITTED TO USING ITS RESEARCH AND TECHNOLOGICAL EXPERTISE TO BECOME AN EVEN MORE POWERFUL ECONOMIC ENGINE FOR GREATER PHILADELPHIA, HELPING TO CREATE NEW HIGH-TECH BUSINESSES AND JOBS. DREXEL LAUNCHED TWO NEW ACCELERATOR PROGRAMS IN 2015, IN COLLABORATION WITH THE STATE-FUNDED BEN FRANKLIN TECHNOLOGY PARTNERS OF SOUTHEASTERN PENNSYLVANIA AND THE CITY OF PHILADELPHIA, TO HELP GROW NEW BUSINESSES IN TECHNOLOGY AND MEDICAL DEVICES AND THERAPEUTICS. THESE ACCELERATORS ARE AMONG THE FIRST BUILDING BLOCKS OF SCHUYLKILL YARDS, A DREXEL AND BRANDYWINE REALTY TRUST INITIATIVE TO DRIVE UNIVERSITY CITY'S ASCENDANCY AS A GLOBAL INNOVATION DISTRICT. DREXEL'S RESEARCHERS CONTINUE TO BUILD PARTNERSHIPS THAT ARE CRITICAL TO CREATING 21ST-CENTURY SOLUTIONS TO AMERICA'S CHALLENGES. IN APRIL 2016, THE U.S. DEPARTMENT OF DEFENSE TAPPED DREXEL AS A KEY LEADER IN THE CREATION OF A $75 MILLION NATIONAL RESEARCH INSTITUTE THAT WILL SUPPORT AMERICAN TEXTILE MANUFACTURERS IN BRINGING SOPHISTICATED NEW MATERIALS AND TEXTILES TO THE MARKETPLACE. THE INSTITUTE, CALLED ADVANCED FUNCTIONAL FABRICS OF AMERICA, WILL BE A NATIONAL MANUFACTURING RESOURCE CENTER FOR INDUSTRY AND GOVERNMENT TO DRAW ON ACADEMIC EXPERTISE IN NEW FIBERS AND TEXTILES. THE RESULT WILL BE FABRICS ENGINEERED TO SEE, HEAR, SENSE AND COMMUNICATE; SERVING AN ARRAY OF INDUSTRIES INCLUDING AEROSPACE, APPAREL, ARCHITECTURE AND HEALTH.DURING FY16, DREXEL UNIVERSITY CONDUCTED RESEARCH ON THE FOLLOWING RESEARCH GRANTS:FEDERALLY SPONSORED RESEARCH - 901 GRANTSSTATE OF PENNSYLVANIA SPONSORED RESEARCH - 82 GRANTSCITY OF PHILADELPHIA CONTRACTS - 28 GRANTSPRIVATE FOUNDATION SPONSORED RESEARCH - 316 GRANTSINDUSTRY SPONSORED RESEARCH - 176 GRANTS

4c	(Code: ) (Expenses $ 130,030,511 including grants of $ 0 ) (Revenue $ 101,526,308 )
	PATIENT CARE/PUBLIC SERVICEIT IS THE COLLEGE'S PATIENT CARE MISSION TO SERVE THE COMMUNITY THROUGH THE DELIVERY OF HIGH-QUALITY, COST-EFFECTIVE HEALTH CARE SERVICES, INCLUDING PROGRAMS OF HEALTH PROMOTION AND DISEASE PREVENTION, ALL SUCH SERVICES PROVIDED WITH REGARD FOR THE INDIVIDUAL PATIENT AND HIS OR HER FAMILY. DREXEL UNIVERSITY'S CLINICAL PRACTICES LEAD THE WAY IN PIONEERING TREATMENTS AND PROVIDE EXCEPTIONAL CARE IN THE AREAS OF SPECIALTY INCLUDING INFECTIOUS DISEASE, SLEEP DISORDERS, CARDIOVASCULAR DISEASE, AND WOMEN'S HEALTH.

4d	Other program services (Describe in Schedule O.)
	(Expenses $ including grants of $ ) (Revenue $ )
4e	Total program service expenses1,100,002,870

Form 990 (2015)

Page 3

Part IV

Checklist of Required Schedules

Yes

Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If "Yes," complete Schedule A Click to see attachment

.....................

Yes

Is the organization required to complete Schedule B, Schedule of Contributors (see instructions)? Click to see attachment

...

Yes

Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If "Yes," complete Schedule C, Part I Click to see attachment

.............

Section 501(c)(3) organizations. Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year? If "Yes," complete Schedule C, Part II Click to see attachment

..............

Yes

Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If "Yes," complete Schedule C, Part III Click to see attachment

.................

Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If "Yes," complete Schedule D, Part I Click to see attachment

..................

Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas, or historic structures? If "Yes," complete Schedule D, Part II Click to see attachment

...

Did the organization maintain collections of works of art, historical treasures, or other similar assets? If "Yes," complete Schedule D, Part III Click to see attachment

.............

Yes

Did the organization report an amount in Part X, line 21 for escrow or custodial account liability; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If "Yes," complete Schedule D, Part IV Click to see attachment

..............

Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments? If "Yes," complete Schedule D, Part V Click to see attachment

......

Yes

If the organization’s answer to any of the following questions is "Yes," then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable.

Did the organization report an amount for land, buildings, and equipment in Part X, line 10?
If "Yes," complete Schedule D, Part VI. Click to see attachment

...................

11a

Yes

Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VII Click to see attachment

.......

11b

Yes

Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part VIII Click to see attachment

.......

11c

Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If "Yes," complete Schedule D, Part IX Click to see attachment

............

11d

Did the organization report an amount for other liabilities in Part X, line 25? If "Yes," complete Schedule D, Part X Click to see attachment

11e

Yes

Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If "Yes," complete Schedule D, Part X Click to see attachment

11f

Yes

12a

Did the organization obtain separate, independent audited financial statements for the tax year?
If "Yes," complete Schedule D, Parts XI and XII Click to see attachment

.................

12a

Was the organization included in consolidated, independent audited financial statements for the tax year? If "Yes," and if the organization answered "No" to line 12a, then completing Schedule D, Parts XI and XII is optional Click to see attachment

12b

Yes

Is the organization a school described in section 170(b)(1)(A)(ii)? If "Yes," complete Schedule E Click to see attachment

Yes

14a

Did the organization maintain an office, employees, or agents outside of the United States? .....

14a

Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more? If "Yes," complete Schedule F, Parts I and IV......... Click to see attachment

14b

Yes

Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or other assistance to or for any foreign organization? If “Yes,” complete Schedule F, Parts II and IV..... Click to see attachment

Yes

Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or other assistance to or for foreign individuals? If “Yes,” complete Schedule F, Parts III and IV... Click to see attachment

Yes

Did the organization report a total of more than $15,000 of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If "Yes," complete Schedule G, Part I (see instructions) .... Click to see attachment

Yes

Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If "Yes," complete Schedule G, Part II............ Click to see attachment

Yes

Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If "Yes," complete Schedule G, Part III................... Click to see attachment

20a

Did the organization operate one or more hospital facilities? If "Yes," complete Schedule H....

20a

If "Yes" to line 20a, did the organization attach a copy of its audited financial statements to this return?

20b

Form 990 (2015)

Page 4

Part IV

Checklist of Required Schedules (continued)

Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II..... Click to see attachment

Yes

Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III........ Click to see attachment

Yes

Did the organization answer "Yes" to Part VII, Section A, line 3, 4, or 5 about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If "Yes," complete Schedule J....................... Click to see attachment

Yes

24a

Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer lines 24b through 24d and complete Schedule K. If “No,” go to line 25a............... Click to see list of attachments

24a

Yes

Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...

24b

Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds? ...............

24c

Did the organization act as an "on behalf of" issuer for bonds outstanding at any time during the year?...

24d

25a

Section 501(c)(3), 501(c)(4), and 501(c)(29) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If "Yes," complete Schedule L, Part I............ Click to see attachment

25a

Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If "Yes," complete Schedule L, Part I ................... Click to see attachment

25b

Did the organization report any amount on Part X, line 5, 6, or 22 for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons? If "Yes," complete Schedule L, Part II ................ Click to see attachment

Yes

Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons? If "Yes," complete Schedule L, Part III......... Click to see attachment

Yes

Was the organization a party to a business transaction with one of the following parties (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):

A current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L,
Part IV ........................ Click to see attachment

28a

A family member of a current or former officer, director, trustee, or key employee? If "Yes," complete Schedule L, Part IV..................... Click to see attachment

28b

Yes

An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner? If "Yes," complete Schedule L, Part IV... Click to see attachment

28c

Yes

Did the organization receive more than $25,000 in non-cash contributions? If "Yes," complete Schedule M.. Click to see attachment

Yes

Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If "Yes," complete Schedule M ............. Click to see attachment

Yes

Did the organization liquidate, terminate, or dissolve and cease operations? If "Yes," complete Schedule N, Part I.

Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If "Yes," complete Schedule N, Part II ...........

Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If "Yes," complete Schedule R, Part I ........ Click to see attachment

Yes

Was the organization related to any tax-exempt or taxable entity? If "Yes," complete Schedule R, Part II, III, or IV, and Part V, line 1......................... Click to see attachment

Yes

35a

Did the organization have a controlled entity within the meaning of section 512(b)(13)?

35a

Yes

If ‘Yes’ to line 35a, did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If "Yes," complete Schedule R, Part V, line 2 ... Click to see attachment

35b

Yes

Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If "Yes," complete Schedule R, Part V, line 2............. Click to see attachment

Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If "Yes," complete Schedule R, Part VI Click to see attachment

Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11b and 19? Note. All Form 990 filers are required to complete Schedule O. ............

Yes

Form 990 (2015)

Page 5

Part V

Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response or note to any line in this Part V...........

Yes

Enter the number reported in Box 3 of Form 1096 Enter -0- if not applicable ..

32,103

Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable .

Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................

Yes

Enter the number of employees reported on Form W-3, Transmittal of Wage and
Tax Statements, filed for the calendar year ending with or within the year covered by this return ..................

12,947

If at least one is reported on line 2a, did the organization file all required federal employment tax returns?
Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file (see instructions)

Yes

Did the organization have unrelated business gross income of $1,000 or more during the year?...

Yes

If “Yes,” has it filed a Form 990-T for this year? If “No” to line 3b, provide an explanation in Schedule O...

Yes

At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)? ..

Yes

If "Yes," enter the name of the foreign country: MediumBullet

EK
See instructions for filing requirements for FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR).

Was the organization a party to a prohibited tax shelter transaction at any time during the tax year? ..

Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?

If "Yes," to line 5a or 5b, did the organization file Form 8886-T? ............

Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions? ...

If "Yes," did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible? ......................

Organizations that may receive deductible contributions under section 170(c).

Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor? ....................

Yes

If "Yes," did the organization notify the donor of the value of the goods or services provided? .....

Yes

Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282? .........................

If "Yes," indicate the number of Forms 8282 filed during the year ....

Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?

Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ..

If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required? ......................

If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C? ..........................

Sponsoring organizations maintaining donor advised funds.
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year? .........................

Did the sponsoring organization make any taxable distributions under section 4966?...

Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?...

Section 501(c)(7) organizations. Enter:

Initiation fees and capital contributions included on Part VIII, line 12 ...

10a

Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities

10b

Section 501(c)(12) organizations. Enter:

Gross income from members or shareholders .........

11a

Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ..........

11b

12a

Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?

12a

If "Yes," enter the amount of tax-exempt interest received or accrued during the year.

12b

Section 501(c)(29) qualified nonprofit health insurance issuers.

Is the organization licensed to issue qualified health plans in more than one state?
Note. See the instructions for additional information the organization must report on Schedule O.

13a

Enter the amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans ....

13b

Enter the amount of reserves on hand ............

13c

14a

Did the organization receive any payments for indoor tanning services during the tax year?.....

14a

If "Yes," has it filed a Form 720 to report these payments? If "No," provide an explanation in Schedule O..

14b

Form 990 (2015)

Page 6

Part VI

Governance, Management, and Disclosure For each "Yes" response to lines 2 through 7b below, and for a "No" response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.

Check if Schedule O contains a response or note to any line in this Part VI ..............

Section A. Governing Body and Management

Yes

Enter the number of voting members of the governing body at the end of the tax year

If there are material differences in voting rights among members of the governing body, or if the governing body delegated broad authority to an executive committee or similar committee, explain in Schedule O.

Enter the number of voting members included in line 1a, above, who are independent

Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................

Yes

Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? .

Did the organization make any significant changes to its governing documents since the prior Form 990 was filed? ...........................

Did the organization become aware during the year of a significant diversion of the organization’s assets? .

Did the organization have members or stockholders? ................

Did the organization have members, stockholders, or other persons who had the power to elect or appoint one or more members of the governing body? ....................

Are any governance decisions of the organization reserved to (or subject to approval by) members, stockholders, or persons other than the governing body? ...................

Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:

The governing body? .......................

Yes

Each committee with authority to act on behalf of the governing body? ............

Yes

Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If "Yes," provide the names and addresses in Schedule O.......

Section B. Policies (This Section B requests information about policies not required by the Internal Revenue Code.)

Yes

10a

Did the organization have local chapters, branches, or affiliates? ............

10a

If "Yes," did the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with the organization's exempt purposes?

10b

11a

Has the organization provided a complete copy of this Form 990 to all members of its governing body before filing the form? ............................

11a

Yes

Describe in Schedule O the process, if any, used by the organization to review this Form 990. .....

12a

Did the organization have a written conflict of interest policy? If "No," go to line 13.......

12a

Yes

Were officers, directors, or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ..........................

12b

Yes

Did the organization regularly and consistently monitor and enforce compliance with the policy? If "Yes," describe in Schedule O how this was done...................

12c

Yes

Did the organization have a written whistleblower policy? ...............

Yes

Did the organization have a written document retention and destruction policy? .........

Yes

Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?

The organization’s CEO, Executive Director, or top management official ...........

15a

Yes

Other officers or key employees of the organization ................

15b

Yes

If "Yes" to line 15a or 15b, describe the process in Schedule O (see instructions).

16a

Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................

16a

Yes

If "Yes," did the organization follow a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and take steps to safeguard the organization’s exempt status with respect to such arrangements? ............

16b

Yes

Section C. Disclosure

List the States with which a copy of this Form 990 is required to be filed MediumBullet

PA , AK , MD , MA , MI , NH , DC , NY , AZ , SC , WA , CO

Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you made these available. Check all that apply.

Own website Another's website Upon request Other (explain in Schedule O)

Describe in Schedule O whether (and if so, how) the organization made its governing documents, conflict of interest policy, and financial statements available to the public during the tax year.

State the name, address, and telephone number of the person who possesses the organization's books and records:
MediumBullet

TAX OFFICE3201 ARCH STREET SUITE 420 PHILADELPHIA,PA19104 (215) 895-1463

Form 990 (2015)

Page 7

Part VII

Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors

Check if Schedule O contains a response or note to any line in this Part VII ..............

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees

1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet

List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

List all of the organization’s current key employees, if any. See instructions for definition of "key employee."

List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.

Check this box if neither the organization nor any related organization compensated any current officer, director, or trustee.

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)		(D) Reportable compensation from the organization (W- 2/1099-MISC)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and Title
(1) RENEE AMOORE...................................................................... TRUSTEE	2.00 .................	X		0	0	0
(2) PAUL MEL BAIADA...................................................................... TRUSTEE	2.00 .................	X		0	0	0
(3) RANDALL S BURKERT...................................................................... TRUSTEE	2.00 .................	X		0	0	0
(4) HONORABLE IDA K CHEN...................................................................... TRUSTEE	2.00 .................	X		0	0	0
(5) KATHLEEN P CHIMICLES...................................................................... TRUSTEE	2.00 .................	X		0	0	0
(6) ABBIE DEAN...................................................................... TRUSTEE	2.00 .................	X		0	0	0
(7) NICHOLAS DEBENEDICTIS...................................................................... TRUSTEE	2.00 .................	X		0	0	0
(8) RICHARD J DEPIANO...................................................................... TRUSTEE	2.00 .................	X		0	0	0
(9) GERIANNE TRINGALI DIPIANO...................................................................... TRUSTEE	2.00 .................	X		0	0	0
(10) ROBERT J DRUMMOND...................................................................... TRUSTEE	2.00 .................	X		0	0	0
(11) BRIAN R FORD...................................................................... TRUSTEE	2.00 .................	X		0	0	0
(12) SEAN J GALLAGHER...................................................................... TRUSTEE	2.00 .................	X		0	0	0
(13) RICHARD A GREENAWALT...................................................................... CHAIRMAN	2.00 .................	X	X	0	0	0
(14) RICHARD A HAYNE...................................................................... VICE CHAIR	2.00 .................	X	X	0	0	0
(15) NINA HENDERSON...................................................................... TRUSTEE	2.00 .................	X		0	0	0
(16) PATRICIA H IMBESI...................................................................... TRUSTEE	2.00 .................	X		0	0	0
(17) JOSEPH H JACOVINI ESQ...................................................................... TRUSTEE	2.00 .................	X		0	0	0

Form 990 (2015)

Page 8

Part VII

Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)

(A) Name and Title	(B) Average hours per week (list any hours for related organizations below dotted line)	(C) Position (do not check more than one box, unless person is both an officer and a director/trustee)					(D) Reportable compensation from the organization (W- 2/1099-MISC)	(E) Reportable compensation from related organizations (W- 2/1099-MISC)	(F) Estimated amount of other compensation from the organization and related organizations
(A) Name and Title
(18) J MICHAEL LAWRIE........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(19) ROBERT J MONGELUZZI........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(20) DENIS P O'BRIEN........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(21) D HOWARD PIERCE........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(22) CHARLES P PIZZI........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(23) WILLIAM T SCHLEYER........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(24) STEPHEN A SHELLER ESQ........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(25) STANLEY W SILVERMAN........................................................................ VICE CHAIR	2.00 .......................	X	X				0	0	0
(26) MANUEL N STAMATAKIS........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(27) CHARLES K VALUTAS........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(28) CELESTINO R PENNONI........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(29) JEFFREY A BEACHELL........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(30) JAMES BEAN........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(31) THOMAS A CARAMANICO........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(32) ANTHONY M NOCE........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(33) JOHN A FRY........................................................................ PRESIDENT	40.00 .......................	X	X				1,899,337	0	327,501
(34) RAPHAEL C LEE........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(35) JOSEPH P UJOBAI........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(36) SALLY J BELLET........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(37) GREGORY S BENTLEY........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(38) DOMENIC M DIPIERO III........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(39) CYNTHIA P HECKSCHER........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(40) ALAN C KESSLER........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(41) THOMAS R KLINE........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(42) MICHAEL A RASHID........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(43) MICHAEL J WILLIAMS........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(44) R JOHN CHAPEL JR........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(45) RICHARD C ILL........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(46) DAVID R GELTZER........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(47) RICHELLE P PARHAM........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(48) ROBERT F POWELSON........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(49) JAMES JOSEPH MAGUIRE JR........................................................................ TRUSTEE	2.00 .......................	X					0	0	0
(50) MICHAEL J EXLER ESQ........................................................................ SECRETARY	40.00 .......................		X				425,117	0	44,918
(51) HELEN Y BOWMAN........................................................................ EXECUTIVE VP/TREASURER/COO	40.00 .......................		X				696,102	0	39,618
(52) JAMES R TUCKER........................................................................ SVP ADMINISTRATIVE & BUSINESS SERVICES	40.00 .......................			X			943,638	0	29,846
(53) DONNA MURASKO PHD........................................................................ DEAN, COLLEGE OF ARTS & SCIENCES	40.00 .......................			X			352,632	0	41,474
(54) BRIAN T KEECH........................................................................ SVP GOVERNMENT & COMMUNITY RELATIONS	40.00 .......................			X			315,052	0	39,610
(55) LORI N DOYLE........................................................................ SVP UNIVERSITY COMMUNICATIONS	40.00 .......................			X			337,976	0	42,226
(56) JOSEPH B HUGHES........................................................................ DEAN, COLLEGE OF ENGINEERING	40.00 .......................			X			376,297	0	43,671
(57) KEITH A ORRIS........................................................................ SVP CORPORATE RELATIONS & ECONOMIC DEVELOPMENT	40.00 .......................			X			349,747	0	41,474
(58) DANIEL V SCHIDLOW........................................................................ DEAN AND SVP, MEDICAL AFFAIRS, COLLEGE OF MEDICINE	40.00 .......................			X			709,528	0	30,463
(59) JAMES HERBERT 712015-7312015........................................................................ INTERIM PROVOST	40.00 .......................			X			418,151	0	44,918
(60) SUSAN C ALDRIDGE........................................................................ SVP,ONLINE LEARNING & PRESIDENT,DUO	40.00 .......................			X			486,140	0	37,056
(61) RANDALL C DEIKE........................................................................ SVP, ENROLLMENT MGMT & STUDENT SUCCESS	40.00 .......................			X			502,155	0	60,590
(62) M BRIAN BLAKE 8115-PRESENT........................................................................ PROVOST & EXEC VP ACADEMIC AFFAIRS	40.00 .......................			X			367,654	0	23,762
(63) DAVID L UNRUH........................................................................ SVP, INSTITUTIONAL ADVANCEMENT	40.00 .......................			X			446,532	0	79,618
(64) D SCOTT LIND........................................................................ CHAIRMAN OF THE DEPARTMENT OF SURGERY	40.00 .......................				X		997,233	0	42,512
(65) LYDIA KOMARNICKY-KOCHER........................................................................ PROFESSOR AND CHAIR OF RADIATION ONCOLOGY	40.00 .......................				X		509,869	0	43,727
(66) GLENN LAUB........................................................................ CHAIRMAN OF CARDIOTHORACIC CONTROL	40.00 .......................				X		629,164	0	44,918
(67) JAMES FLINT........................................................................ ATHLETICS HEAD COACH	40.00 .......................				X		546,236	0	44,918
(68) JOHN BIELEC........................................................................ VP, INFORMATION RESOURCES & TECHNOLOGY	40.00 .......................				X		560,636	0	3,161
(69) MARK GREENBERG........................................................................ FORMER PROVOST AND SVP, ACADEMIC AFFAIRS	40.00 .......................					X	462,587	0	44,918
(70) PETER FRISKO........................................................................ FORMER INTERIM SVP, INSTITUTIONAL ADVANCEMENT	40.00 .......................					X	438,172	0	16,366

1b	Sub-Total................
c	Total from continuation sheets to Part VII, Section A....
d	Total (add lines 1b and 1c)...........	12,769,955	0	1,167,265

Total number of individuals (including but not limited to those listed above) who received more than $100,000 of reportable compensation from the organization MediumBullet

1,185

Yes

Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If "Yes," complete Schedule J for such individual ..............

Yes

For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If "Yes," complete Schedule J for such
individual...........................

Yes

Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If "Yes," complete Schedule J for such person ........

Section B. Independent Contractors

Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization. Report compensation for the calendar year ending with or within the organization’s tax year.

(A) Name and business address	(B) Description of services	(C) Compensation
BITTENBENDER CONSTRUCTION LP 5 N COLUMBUS BLVD PHILADELPHIA,PA19106	CONSTRUCTION SERVICES	10,081,845
SODEXO SERVICES 203 N 34TH STREET PHILADELPHIA,PA19104	FOOD SERVICES	9,358,018
ALLIED BARTON SECURITY SERVICES PO BOX 828854 KING OF PRUSSIA,PA19406	SECURITY SERVICES	5,955,061
SODEXOMAGIC LLC 9801 WASHINGTONIAN BLVD GAITHERSBURG,MD20878	FOOD SERVICES	4,958,556
GILBANE BUILDING COMPANY 100 E PENN SQ UNIT 1040 PHILADELPHIA,PA19107	CONSTRUCTION SERVICES	4,954,640
2 Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 of compensation from the organization 299

Form 990 (2015)

Page 9

Part VIII

Statement of Revenue

Check if Schedule O contains a response or note to any line in this Part VIII .............

(A)
Total revenue

(B)
Related or
exempt
function
revenue

(D)
Revenue
excluded from
tax under sections
512-514

1a	Federated campaigns..		1a
b	Membership dues..		1b
c	Fundraising events..		1c	649,201
d	Related organizations		1d	5,591,666
e	Government grants (contributions)		1e	98,364,198

f	All other contributions, gifts, grants, and similar amounts not included above		1f	75,773,179

g	Noncash contributions included in lines 1a-1f:$ 943,403
h Total.Add lines 1a-1f.......		180,378,244

			Business Code
2a	TUITION AND FEES	900099	888,638,624	867,401,956	21,236,668
b	PATIENT CARE	621110	99,788,711	99,788,711
c	AUXILIARY ENTERPRISES	611710	73,466,428	73,466,428
d	OTHER PROGRAM SERVICES	611710	24,443,860	24,443,860
e
f	All other program service revenue.
g Total.Add lines 2a–2f.....			1,086,337,623

3 Investment income (including dividends, interest, and othersimilar amounts) ..........			4,201,430			4,201,430
4 Income from investment of tax-exempt bond proceeds
5 Royalties...........			442,562			442,562
		(ii) Personal	(i) Real
6a	Gross rents		2,493,483
b	Less: rental expenses		213,618
c	Rental income or (loss)		2,279,865
d	Net rental income or (loss)......			2,279,865			2,279,865
		(ii) Other	(i) Securities
7a	Gross amount from sales of assets other than inventory		57,316,865
b	Less: cost or other basis and sales expenses		58,567,729
c	Gain or (loss)		-1,250,864
d	Net gain or (loss).....			-1,250,864			-1,250,864
8a	Gross income from fundraising events (not including $ 649,201of contributions reported on line 1c). See Part IV, line 18 ....
	a		212,924
b	Less: direct expenses ...b		468,815
c	Net income or (loss) from fundraising events..			-255,891			-255,891
9a	Gross income from gaming activities. See Part IV, line 19 ...
	a
b	Less: direct expenses ...b
c	Net income or (loss) from gaming activities..
10a	Gross sales of inventory, less returns and allowances ..
	a
b	Less: cost of goods sold ..b
c	Net income or (loss) from sales of inventory..
Business Code			Miscellaneous Revenue
11a	MISCELLANEOUS REVENUE		900099	21,436,100	18,546,336	2,889,764
b	APPLICATION SERVICE PROGRAM		541519	3,591,858		3,591,858
c	ADVERTISING REVENUE		900099	72,830		72,830
d	All other revenue ....			-77,971		-77,971
e	Total. Add lines 11a–11d ......			25,022,817
12	Total revenue. See Instructions......			1,297,155,786	1,083,647,291	6,476,481	26,653,770

Form 990 (2015)

Page 10

Part IX

Statement of Functional Expenses

Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A).Check if Schedule O contains a response or note to any line in this Part IX ..............

Do not include amounts reported on lines 6b, 7b, 8b, 9b, and 10b of Part VIII.		(A) Total expenses	(B) Program service expenses	(C) Management and general expenses	(D) Fundraising expenses

1	Grants and other assistance to domestic organizations and domestic governments. See Part IV, line 21	12,493,194	12,493,194
2	Grants and other assistance to individuals in the United States. See Part IV, line 22	311,854,865	311,854,865
3	Grants and other assistance to governments, organizations, and individuals outside the United States. See Part IV, lines 15 and 16	862,973	862,973
4	Benefits paid to or for members
5	Compensation of current officers, directors, trustees, and key employees ....	10,054,980	2,658,564	5,874,145	1,522,271
6	Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....
7	Other salaries and wages	473,615,327	405,624,319	60,695,751	7,295,257
8	Pension plan accruals and contributions (include section 401(k) and 403(b) employer contributions) ....	41,396,435	34,203,621	6,499,746	693,068
9	Other employee benefits .......	70,475,708	57,034,009	12,218,397	1,223,302
10	Payroll taxes ...........	31,030,298	25,194,535	5,282,146	553,617
11	Fees for services (non-employees):
a	Management ......	1,195,669	710,410	485,259
b	Legal .........	2,344,694	566,322	1,772,970	5,402
c	Accounting ...........	364,092		364,092
d	Lobbying ...........	668,737	594,083	74,654
e	Professional fundraising services. See Part IV, line 17	250,152			250,152
f	Investment management fees ......	2,050,679	3,116	2,047,563
g	Other (If line 11g amount exceeds 10% of line 25, column (A) amount, list line 11g expenses on Schedule O)	47,106,140	35,923,576	10,095,774	1,086,790
12	Advertising and promotion ....	11,013,272	2,321,161	8,677,766	14,345
13	Office expenses .......	50,579,199	44,291,619	5,807,316	480,264
14	Information technology ......	26,645,571	19,489,321	6,836,130	320,120
15	Royalties ..	2,157,607	2,157,607
16	Occupancy ...........	51,340,376	43,300,540	8,036,820	3,016
17	Travel ............	14,673,680	13,145,326	1,134,765	393,589
18	Payments of travel or entertainment expenses for any federal, state, or local public officials .
19	Conferences, conventions, and meetings ....	9,416,647	7,117,633	1,967,235	331,779
20	Interest ...........	17,601,133	16,019,297	1,581,836
21	Payments to affiliates .......	2,881,851	261,983	2,397,977	221,891
22	Depreciation, depletion, and amortization ..	43,872,144	38,599,927	5,272,217
23	Insurance ...	7,991,458	4,922,211	2,766,497	302,750
24	Other expenses. Itemize expenses not covered above (List miscellaneous expenses in line 24e. If line 24e amount exceeds 10% of line 25, column (A) amount, list line 24e expenses on Schedule O.)
a	BAD DEBT EXPENSE	6,644,482	6,549,332	95,150
b	MISCELLANEOUS	5,474,947	3,241,669	2,193,317	39,961
c	SPONSORSHIPS	2,287,283	951,809	1,334,474	1,000
d	PARTICIPANT EXPENSE	1,937,796	1,912,850	24,896	50
e	All other expenses	12,349,724	7,996,998	3,888,433	464,293
25	Total functional expenses. Add lines 1 through 24e	1,272,631,113	1,100,002,870	157,425,326	15,202,917
26	Joint costs. Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation. Check here if following SOP 98-2 (ASC 958-720).

Form 990 (2015)

Page 11

Part X

Balance Sheet

Check if Schedule O contains a response or note to any line in this Part IX ..............

				(A) Beginning of year		(B) End of year

1	Cash–non-interest-bearing ........			57,212	1	56,887
2	Savings and temporary cash investments .........			83,963,502	2	116,471,875
3	Pledges and grants receivable, net ......			131,810,163	3	157,015,426
4	Accounts receivable, net .............			106,876,041	4	97,763,900
5	Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of Schedule L
				36,000	5	18,000
6	Loans and other receivables from other disqualified persons (as defined under section 4958(f)(1)), persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations (see instructions) Complete Part II of Schedule L
					6
7	Notes and loans receivable, net ....				7
8	Inventories for sale or use ........				8
9	Prepaid expenses and deferred charges ......			14,585,708	9	13,333,014
10a	Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D	10a	1,343,624,272
b	Less: accumulated depreciation	10b	454,894,694	858,150,590	10c	888,729,578
11	Investments—publicly traded securities .			582,371,809	11	400,500,568
12	Investments—other securities. See Part IV, line 11 .....			109,456,000	12	264,836,374
13	Investments—program-related. See Part IV, line 11 ..			35,482,116	13	31,026,130
14	Intangible assets ...............				14
15	Other assets. See Part IV, line 11 ...........			20,831,422	15	16,981,692
16	Total assets. Add lines 1 through 15 (must equal line 34)...			1,943,620,563	16	1,986,733,444

17	Accounts payable and accrued expenses .....	217,907,696	17	234,030,800
18	Grants payable ...		18
19	Deferred revenue .........	118,264,969	19	135,836,702
20	Tax-exempt bond liabilities .........	439,121,189	20	427,653,123
21	Escrow or custodial account liability. Complete Part IV of Schedule D		21
22	Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified
	persons. Complete Part II of Schedule L..		22
23	Secured mortgages and notes payable to unrelated third parties ..		23
24	Unsecured notes and loans payable to unrelated third parties ..		24
25	Other liabilities (including federal income tax, payables to related third parties, and other liabilities not included on lines 17-24). Complete Part X of Schedule D	52,633,048	25	52,168,638
26	Total liabilities. Add lines 17 through 25..	827,926,902	26	849,689,263

	Organizations that follow SFAS 117 (ASC 958), check here and complete lines 27 through 29, and lines 33 and 34.
27	Unrestricted net assets	810,582,374	27	611,575,611
28	Temporarily restricted net assets ...........	170,777,055	28	225,590,231
29	Permanently restricted net assets	134,334,232	29	299,878,339
	Organizations that do not follow SFAS 117 (ASC 958), check here and complete lines 30 through 34.
30	Capital stock or trust principal, or current funds .....		30
31	Paid-in or capital surplus, or land, building or equipment fund ...		31
32	Retained earnings, endowment, accumulated income, or other funds		32
33	Total net assets or fund balances ...........	1,115,693,661	33	1,137,044,181
34	Total liabilities and net assets/fund balances ........	1,943,620,563	34	1,986,733,444

Form 990 (2015)

Page 12

Part XI

Reconcilliation of Net Assets

Check if Schedule O contains a response or note to any line in this Part XI ..............

Total revenue (must equal Part VIII, column (A), line 12) ............

1,297,155,786

Total expenses (must equal Part IX, column (A), line 25) ............

1,272,631,113

Revenue less expenses. Subtract line 2 from line 1 ..............

24,524,673

Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) ..

1,115,693,661

Net unrealized gains (losses) on investments ...............

-12,996,328

Donated services and use of facilities .................

Investment expenses .....................

Prior period adjustments .....................

Other changes in net assets or fund balances (explain in Schedule O) ........

9,822,175

Net assets or fund balances at end of year. Combine lines 3 through 9 (must equal Part X, line 33, column (B))

1,137,044,181

Part XII

Financial Statements and Reporting

Check if Schedule O contains a response or note to any line in this Part XII .............

Yes

Accounting method used to prepare the Form 990: Cash Accrual Other
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.

Were the organization’s financial statements compiled or reviewed by an independent accountant?

If ‘Yes,’ check a box below to indicate whether the financial statements for the year were compiled or reviewed on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

Were the organization’s financial statements audited by an independent accountant?

Yes

If ‘Yes,’ check a box below to indicate whether the financial statements for the year were audited on a separate basis, consolidated basis, or both:

Separate basis Consolidated basis Both consolidated and separate basis

If "Yes," to line 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?

Yes

If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O.

As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133?

Yes

If "Yes," did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits.

Yes

Form 990 (2015)

Additional Data

Software ID:
Software Version:

Form 990, Special Condition Description:

Special Condition Description

- TIN:

SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service

Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section 4947(a)(1) nonexempt charitable trust.
right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Information about Schedule A (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization

DREXEL UNIVERSITY

Employer identification number

23-1352630

Part I

Reason for Public Charity Status (All organizations must complete this part.) See instructions.

The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)

A church, convention of churches, or association of churches described in section 170(b)(1)(A)(i).

A school described in section 170(b)(1)(A)(ii). (Attach Schedule E (Form 990 or 990-EZ))

A hospital or a cooperative hospital service organization described in section 170(b)(1)(A)(iii).

A medical research organization operated in conjunction with a hospital described in section 170(b)(1)(A)(iii). Enter the hospital's name, city, and state:

An organization operated for the benefit of a college or university owned or operated by a governmental unit described in section 170(b)(1)(A)(iv). (Complete Part II.)

A federal, state, or local government or governmental unit described in section 170(b)(1)(A)(v).

An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi). (Complete Part II.)

A community trust described in section 170(b)(1)(A)(vi). (Complete Part II.)

An organization that normally receives: (1) more than 331/3% of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)

An organization organized and operated exclusively to test for public safety. See section 509(a)(4).

An organization organized and operated exclusively for the benefit of, to perform the functions of, or to carry out the purposes of one or more publicly supported organizations described in section 509(a)(1) or section 509(a)(2). See section 509(a)(3). Check the box in lines 11a through 11d that describes the type of supporting organization and complete lines 11e, 11f, and 11g.

Type I. A supporting organization operated, supervised, or controlled by its supported organization(s), typically by giving the supported organization(s) the power to regularly appoint or elect a majority of the directors or trustees of the supporting organization. You must complete Part IV, Sections A and B.

Type II. A supporting organization supervised or controlled in connection with its supported organization(s), by having control or management of the supporting organization vested in the same persons that control or manage the supported organization(s). You must complete Part IV, Sections A and C.

Type III functionally integrated. A supporting organization operated in connection with, and functionally integrated with, its supported organization(s) (see instructions). You must complete Part IV, Sections A, D, and E.

Type III non-functionally integrated. A supporting organization operated in connection with its supported organization(s) that is not functionally integrated. The organization generally must satisfy a distribution requirement and an attentiveness requirement (see instructions). You must complete Part IV, Sections A and D, and Part V.

Check this box if the organization received a written determination from the IRS that it is a Type I, Type II, Type III functionally integrated, or Type III non-functionally integrated supporting organization.

Enter the number of supported organizations ..............

Provide the following information about the supported organization(s).

(i)Name of supported organization	(ii) EIN	(iv) Is the organization listed in your governing document?		(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)
(i)Name of supported organization	(ii) EIN	Yes	No	(v) Amount of monetary support (see instructions)	(vi) Amount of other support (see instructions)


Total

For Paperwork Reduction Act Notice, see the Instructions for
Form 990 or 990-EZ.

Cat. No. 11285F

Schedule A (Form 990 or 990-EZ) 2015

Page 2

Part II

Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2011	(b) 2012	(c) 2013	(d) 2014	(e) 2015	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any unusual grants.) ....	137,370,616	127,243,677	114,184,550	167,363,697	180,378,244	726,540,784
2	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......
3	The value of services or facilities furnished by a governmental unit to the organization without charge..
4	Total. Add lines 1 through 3	137,370,616	127,243,677	114,184,550	167,363,697	180,378,244	726,540,784
5	The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..						63,813,792
6	Public support. Subtract line 5 from line 4.						662,726,992

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2011	(b) 2012	(c) 2013	(d) 2014	(e) 2015	(f) Total
7	Amounts from line 4..	137,370,616	127,243,677	114,184,550	167,363,697	180,378,244	726,540,784
8	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources...	13,009,359	49,791,098	76,870,624	29,299,768	7,137,475	176,108,324
9	Net income from unrelated business activities, whether or not the business is regularly carried on..	2,521,250	1,586,436	2,533,206	2,917,742	2,447,445	12,006,079
10	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.)..
11	Total support. Add lines 7 through 10.						914,655,187

Gross receipts from related activities, etc. (see instructions) ..................

4,436,285,905

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization, check this box and stop here........................................ right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2015 (line 6, column (f) divided by line 11, column (f)) .........

72.460 %

Public support percentage for 2014 Schedule A, Part II, line 14 ...............

73.780 %

16a

33 1/3% support test—2015. If the organization did not check the box on line 13, and line 14 is 33 1/3% or more, check this box
and stop here. The organization qualifies as a publicly supported organization ....................... right arrow

33 1/3% support test—2014. If the organization did not check a box on line 13 or 16a, and line 15 is 33 1/3% or more, check this
box and stop here. The organization qualifies as a publicly supported organization ..................... right arrow

17a

10%-facts-and-circumstances test—2015. If the organization did not check a box on line 13, 16a, or 16b, and line 14
is 10% or more, and if the organization meets the facts-and-circumstances test, check this box and stop here. Explain
in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly supported
organization ..................................................... right arrow

10%-facts-and-circumstances test—2014. If the organization did not check a box on line 13, 16a, 16b, or 17a, and line
15 is 10% or more, and if the organization meets the "facts-and-circumstances" test, check this box and stop here.
Explain in Part VI how the organization meets the "facts-and-circumstances" test. The organization qualifies as a publicly
supported organization ................................................ right arrow

Private foundation. If the organization did not check a box on line 13, 16a, 16b, 17a, or 17b, check this box and see
instructions ..................................................... right arrow

Schedule A (Form 990 or 990-EZ) 2015

Page 3

Part III

Support Schedule for Organizations Described in Section 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)

Section A. Public Support

Calendar year (or fiscal year beginning in)		(a) 2011	(b) 2012	(c) 2013	(d) 2014	(e) 2015	(f) Total
1	Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") .
2	Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose......
3	Gross receipts from activities that are not an unrelated trade or business under section 513...
4	Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...
5	The value of services or facilities furnished by a governmental unit to the organization without charge..
6	Total. Add lines 1 through 5.
7a	Amounts included on lines 1, 2, and 3 received from disqualified persons...
b	Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.
c	Add lines 7a and 7b..
8	Public support. (Subtract line 7c from line 6.)

Section B. Total Support

Calendar year (or fiscal year beginning in)		(a) 2011	(b) 2012	(c) 2013	(d) 2014	(e) 2015	(f) Total
9	Amounts from line 6...
10a	Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..
b	Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.
c	Add lines 10a and 10b.
11	Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.
12	Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) ..
13	Total support. (Add lines 9, 10c, 11, and 12.)..

First five years. If the Form 990 is for the organization's first, second, third, fourth, or fifth tax year as a section 501(c)(3) organization,
check this box and stop here............................................. right arrow

Section C. Computation of Public Support Percentage

Public support percentage for 2015 (line 8, column (f) divided by line 13, column (f)) .........

Public support percentage from 2014 Schedule A, Part III, line 15 ...............

Section D. Computation of Investment Income Percentage

Investment income percentage for 2015 (line 10c, column (f) divided by line 13, column (f)) ......

Investment income percentage from 2014 Schedule A, Part III, line 17 .............

19a

331/3% support tests—2015. If the organization did not check the box on line 14, and line 15 is more than 33 1/3%, and line 17 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization ....... right arrow

33 1/3% support tests—2014. If the organization did not check a box on line 14 or line 19a, and line 16 is more than 33 1/3% and line 18 is not more than 33 1/3%, check this box and stop here. The organization qualifies as a publicly supported organization .... right arrow

Private foundation. If the organization did not check a box on line 14, 19a, or 19b, check this box and see instructions .... right arrow

Schedule A (Form 990 or 990-EZ) 2015

Page 4

Part IV

Supporting Organizations

(Complete only if you checked a box on line 11 of Part I. If you checked 11a of Part I, complete Sections A and B. If you checked 11b of Part I, complete Sections A and C. If you checked 11c of Part I, complete Sections A, D, and E. If you checked 11d of Part I, complete Sections A and D, and complete Part V.)

Section A. All Supporting Organizations

Yes

Are all of the organization’s supported organizations listed by name in the organization’s governing documents?
If "No," describe in Part VI how the supported organizations are designated. If designated by class or purpose,
describe the designation. If historic and continuing relationship, explain.

Did the organization have any supported organization that does not have an IRS determination of status under section 509(a)(1) or (2)? If "Yes," explain in Part VI how the organization determined that the supported organization was described in section 509(a)(1) or (2).

Did the organization have a supported organization described in section 501(c)(4), (5), or (6)? If "Yes," answer (b) and (c) below.

Did the organization confirm that each supported organization qualified under section 501(c)(4), (5), or (6) and satisfied the public support tests under section 509(a)(2)? If "Yes," describe in Part VI when and how the organization made the determination.

Did the organization ensure that all support to such organizations was used exclusively for section 170(c)(2)(B) purposes? If "Yes," explain in Part VI what controls the organization put in place to ensure such use.

Was any supported organization not organized in the United States ("foreign supported organization")? If “Yes” and if you checked 11a or 11b in Part I, answer (b) and (c) below.

Did the organization have ultimate control and discretion in deciding whether to make grants to the foreign supported organization? If “Yes,” describe in Part VI how the organization had such control and discretion despite being controlled or supervised by or in connection with its supported organizations.

Did the organization support any foreign supported organization that does not have an IRS determination under sections 501(c)(3) and 509(a)(1) or (2)? If “Yes,” explain in Part VI what controls the organization used to ensure that all support to the foreign supported organization was used exclusively for section 170(c)(2)(B) purposes.

Did the organization add, substitute, or remove any supported organizations during the tax year? If “Yes,” answer (b) and (c) below (if applicable). Also, provide detail in Part VI, including (i) the names and EIN numbers of the supported organizations added, substituted, or removed; (ii) the reasons for each such action; (iii) the authority under the organization's organizing document authorizing such action; and (iv) how the action was accomplished (such as by amendment to the organizing document).

Type I or Type II only. Was any added or substituted supported organization part of a class already designated in the organization's organizing document?

Substitutions only. Was the substitution the result of an event beyond the organization's control?

Did the organization provide support (whether in the form of grants or the provision of services or facilities) to anyone other than (i) its supported organizations, (ii) individuals that are part of the charitable class benefited by one or more of its supported organizations, or (iii) other supporting organizations that also support or benefit one or more of the filing organization’s supported organizations? If “Yes,” provide detail in Part VI.

Did the organization provide a grant, loan, compensation, or other similar payment to a substantial contributor (defined in section 4958(c)(3)(C)), a family member of a substantial contributor, or a 35% controlled entity with regard to a substantial contributor? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ) .

Did the organization make a loan to a disqualified person (as defined in section 4958) not described in line 7? If “Yes,” complete Part I of Schedule L (Form 990 or 990-EZ).

Was the organization controlled directly or indirectly at any time during the tax year by one or more disqualified persons as defined in section 4946 (other than foundation managers and organizations described in section 509(a)(1) or (2))? If “Yes,” provide detail in Part VI.

Did one or more disqualified persons (as defined in line 9a) hold a controlling interest in any entity in which the supporting organization had an interest? If “Yes,” provide detail in Part VI.

Did a disqualified person (as defined in line 9a) have an ownership interest in, or derive any personal benefit from, assets in which the supporting organization also had an interest? If “Yes,” provide detail in Part VI.

10a

Was the organization subject to the excess business holdings rules of section 4943 because of section 4943(f) (regarding certain Type II supporting organizations, and all Type III non-functionally integrated supporting organizations)? If “Yes,” answer line 10b below.

10a

Did the organization have any excess business holdings in the tax year? (Use Schedule C, Form 4720, to determine whether the organization had excess business holdings).

10b

Schedule A (Form 990 or 990-EZ) 2015

Page 5

Part IV

Supporting Organizations (continued)

Yes

Has the organization accepted a gift or contribution from any of the following persons?

A person who directly or indirectly controls, either alone or together with persons described in (b) and (c) below, the governing body of a supported organization?

11a

A family member of a person described in (a) above?

11b

A 35% controlled entity of a person described in (a) or (b) above? If “Yes” to a, b, or c, provide detail in Part VI.

11c

Section B. Type I Supporting Organizations

Yes

Did the directors, trustees, or membership of one or more supported organizations have the power to regularly appoint or elect at least a majority of the organization’s directors or trustees at all times during the tax year? If “No,” describe in Part VI how the supported organization(s) effectively operated, supervised, or controlled the organization’s activities. If the organization had more than one supported organization, describe how the powers to appoint and/or remove directors or trustees were allocated among the supported organizations and what conditions or restrictions, if any, applied to such powers during the tax year.

Did the organization operate for the benefit of any supported organization other than the supported organization(s) that operated, supervised, or controlled the supporting organization? If “Yes,” explain in Part VI how providing such benefit carried out the purposes of the supported organization(s) that operated, supervised or controlled the supporting organization.

Section C. Type II Supporting Organizations

Yes

Were a majority of the organization’s directors or trustees during the tax year also a majority of the directors or trustees of each of the organization’s supported organization(s)? If “No,” describe in Part VI how control or management of the supporting organization was vested in the same persons that controlled or managed the supported organization(s).

Section D. All Type III Supporting Organizations

Yes

Did the organization provide to each of its supported organizations, by the last day of the fifth month of the organization’s tax year, (i) a written notice describing the type and amount of support provided during the prior tax year, (ii) a copy of the Form 990 that was most recently filed as of the date of notification, and (iii) copies of the organization’s governing documents in effect on the date of notification, to the extent not previously provided?

Were any of the organization’s officers, directors, or trustees either (i) appointed or elected by the supported organization(s) or (ii) serving on the governing body of a supported organization? If "No," explain in Part VI how the organization maintained a close and continuous working relationship with the supported organization(s).

By reason of the relationship described in (2), did the organization’s supported organizations have a significant voice in the organization’s investment policies and in directing the use of the organization’s income or assets at all times during the tax year? If "Yes," describe in Part VI the role the organization’s supported organizations played in this regard.

Section E. Type III Functionally-Integrated Supporting Organizations

Check the box next to the method that the organization used to satisfy the Integral Part Test during the year (see instructions):

The organization satisfied the Activities Test. Complete line 2 below.

The organization is the parent of each of its supported organizations. Complete line 3 below.

The organization supported a governmental entity. Describe in Part VI how you supported a government entity (see instructions)

Activities Test. Answer (a) and (b) below.

Yes

Did substantially all of the organization’s activities during the tax year directly further the exempt purposes of the supported organization(s) to which the organization was responsive? If "Yes," then in Part VI identify those supported organizations and explain how these activities directly furthered their exempt purposes, how the organization was responsive to those supported organizations, and how the organization determined that these activities constituted substantially all of its activities.

Did the activities described in (a) constitute activities that, but for the organization’s involvement, one or more of the organization’s supported organization(s) would have been engaged in? If "Yes," explain in Part VI the reasons for the organization’s position that its supported organization(s) would have engaged in these activities but for the organization’s involvement.

Parent of Supported Organizations. Answer (a) and (b) below.

Did the organization have the power to regularly appoint or elect a majority of the officers, directors, or trustees of each of the supported organizations? Provide details in Part VI.

Did the organization exercise a substantial degree of direction over the policies, programs and activities of each of its supported organizations? If "Yes," describe in Part VI. the role played by the organization in this regard.

Schedule A (Form 990 or 990-EZ) 2015

Page 6

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations

Check here if the organization satisfied the Integral Part Test as a qualifying trust on Nov. 20, 1970. See instructions. All other Type III non-functionally integrated supporting organizations must complete Sections A through E.

	Section A - Adjusted Net Income		(A) Prior Year	(B) Current Year (optional)
1	Net short-term capital gain	1
2	Recoveries of prior-year distributions	2
3	Other gross income (see instructions)	3
4	Add lines 1 through 3	4
5	Depreciation and depletion	5
6	Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions)	6
7	Other expenses (see instructions)	7
8	Adjusted Net Income (subtract lines 5, 6 and 7 from line 4)	8

	Section B - Minimum Asset Amount		(A) Prior Year	(B) Current Year (optional)
1	Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year):	1
a	Average monthly value of securities	1a
b	Average monthly cash balances	1b
c	Fair market value of other non-exempt-use assets	1c
d	Total (add lines 1a, 1b, and 1c)	1d
e	Discount claimed for blockage or other factors (explain in detail in Part VI):
2	Acquisition indebtedness applicable to non-exempt use assets	2
3	Subtract line 2 from line 1d	3
4	Cash deemed held for exempt use. Enter 1-1/2% of line 3 (for greater amount, see instructions).	4
5	Net value of non-exempt-use assets (subtract line 4 from line 3)	5
6	Multiply line 5 by .035	6
7	Recoveries of prior-year distributions	7
8	Minimum Asset Amount (add line 7 to line 6)	8

	Section C - Distributable Amount		Current Year
1	Adjusted net income for prior year (from Section A, line 8, Column A)	1
2	Enter 85% of line 1	2
3	Minimum asset amount for prior year (from Section B, line 8, Column A)	3
4	Enter greater of line 2 or line 3	4
5	Income tax imposed in prior year	5
6	Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions)	6

Check here if the current year is the organization's first as a non-functionally-integrated Type III supporting organization (see instructions)

Schedule A (Form 990 or 990-EZ) 2015

Page 7

Part V

Type III Non-Functionally Integrated 509(a)(3) Supporting Organizations (continued)

Section D - Distributions		Current Year
1 Amounts paid to supported organizations to accomplish exempt purposes
2 Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity
3 Administrative expenses paid to accomplish exempt purposes of supported organizations
4 Amounts paid to acquire exempt-use assets
5 Qualified set-aside amounts (prior IRS approval required)
6 Other distributions (describe in Part VI). See instructions
7Total annual distributions. Add lines 1 through 6.
8 Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions
9 Distributable amount for 2015 from Section C, line 6
10 Line 8 amount divided by Line 9 amount

Section E - Distribution Allocations (see instructions)		(i) Excess Distributions	(ii) Underdistributions Pre-2015	(iii) Distributable Amount for 2015
1 Distributable amount for 2015 from Section C, line 6
2 Underdistributions, if any, for years prior to 2015 (reasonable cause required--see instructions)
3 Excess distributions carryover, if any, to 2015:
a
b
c
d From 2013.......
e From 2014.......
fTotal of lines 3a through e
g Applied to underdistributions of prior years
h Applied to 2015 distributable amount
i Carryover from 2010 not applied (see instructions)
j Remainder. Subtract lines 3g, 3h, and 3i from 3f.
4Distributions for 2015 from Section D, line 7:
$
a Applied to underdistributions of prior years
b Applied to 2015 distributable amount
c Remainder. Subtract lines 4a and 4b from 4.
5 Remaining underdistributions for years prior to 2015, if any. Subtract lines 3g and 4a from line 2 (if amount greater than zero, see instructions)
6 Remaining underdistributions for 2015. Subtract lines 3h and 4b from line 1 (if amount greater than zero, see instructions)
7 Excess distributions carryover to 2016. Add lines 3j and 4c.
8 Breakdown of line 7:
a
b
c Excess from 2013.......
d From 2014.......
e From 2015.......

Schedule A (Form 990 or 990-EZ) (2015)

Schedule A (Form 990 or 990-EZ) 2015

Page 8

Part VI

Supplemental Information. Provide the explanations required by Part II, line 10; Part II, line 17a or 17b; Part III, line 12; Part IV, Section A, lines 1, 2, 3b, 3c, 4b, 4c, 5a, 6, 9a, 9b, 9c, 11a, 11b, and 11c; Part IV, Section B, lines 1 and 2; Part IV, Section C, line 1; Part IV, Section D, lines 2 and 3; Part IV, Section E, lines 1c, 2a, 2b, 3a and 3b; Part V, line 1; Part V, Section B, line 1e; Part V Section D, lines 5, 6, and 8; and Part V, Section E, lines 2, 5, and 6. Also complete this part for any additional information. (See instructions).

Facts And Circumstances Test

Return Reference	Explanation

Schedule A (Form 990 or 990-EZ) 2015

Additional Data

Software ID:
Software Version:

- TIN:

Schedule B
(Form 990, 990-EZ,
or 990-PF)

Department of the Treasury
Internal Revenue Service

Schedule of Contributors

Attach to Form 990, 990-EZ, or 990-PF.

Information about Schedule B (Form 990, 990-EZ, or 990-PF) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Name of the organization

DREXEL UNIVERSITY

Employer identification number

23-1352630

Organization type (check one):

Filers of:

Section:

Form 990 or 990-EZ

501(c)( ) (enter number) organization

4947(a)(1) nonexempt charitable trust not treated as a private foundation

527 political organization

Form 990-PF

501(c)(3) exempt private foundation

4947(a)(1) nonexempt charitable trust treated as a private foundation

501(c)(3) taxable private foundation

Check if your organization is covered by the General Rule or a Special Rule.
Note. Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.

General Rule

For an organization filing Form 990, 990-EZ, or 990-PF that received, during the year, contributions totaling $5,000 or more (in money or other property) from any one contributor. Complete Parts I and II. See instructions for determining a contributor's total contributions.

Special Rules

For an organization described in section 501(c)(3) filing Form 990 or 990-EZ that met the 33¹/3% support test of the regulations
under sections 509(a)(1) and 170(b)(1)(A)(vi), that checked Schedule A (Form 990 or 990-EZ), Part II, line 13, 16a, or 16b, and that received from any one contributor, during the year, total contributions of the greater of (1) $5,000 or (2) 2% of the amount on (i) Form 990, Part VIII, line 1h, or (ii) Form 990-EZ, line 1. Complete Parts I and II.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, total contributions of more than $1,000 exclusively for religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals. Complete Parts I, II, and III.

For an organization described in section 501(c)(7), (8), or (10) filing Form 990 or 990-EZ that received from any one contributor,
during the year, contributions exclusively for religious, charitable, etc., purposes, but no such contributions totaled more than $1,000. If this box is checked, enter here the total contributions that were received during the year for an exclusively religious, charitable, etc., purpose. Do not complete any of the parts unless the General Rule applies to this organization because it received nonexclusively religious, charitable, etc., contributions totaling $5,000 or more during the year ......... Arrow Bullet

Caution. An organization that is not covered by the General Rule and/or the Special Rules does not file Schedule B (Form 990,
990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its
Form 990-EZ or on its Form 990PF, Part I, line 2, to certify that it does not meet the filing requirements of Schedule B (Form 990,
990-EZ, or 990-PF).

For Paperwork Reduction Act Notice, see the Instructions
for Form 990, 990-EZ, or 990-PF.

Cat. No. 30613XSchedule B (Form 990, 990-EZ, or 990-PF) (2015)

Schedule B (Form 990, 990-EZ, or 990-PF) (2015) Page 2

Name of organization DREXEL UNIVERSITY

Part I	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
RESTRICTED	,	$ RESTRICTED	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Page 3

Name of organization DREXEL UNIVERSITY		Employer identification number 23-1352630

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
(a) No.from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (see instructions)	(d) Date received
		$
Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Page 4


Name of organization DREXEL UNIVERSITY			Employer identification number 23-1352630
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

(a)
No.from Part I

(b) Purpose of gift

(d) Description of how gift is held

(e) Transfer of gift
Transferee's name, address, and ZIP 4	Relationship of transferor to transferee

Schedule B (Form 990, 990-EZ, or 990-PF) (2015)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE C
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Political Campaign and Lobbying Activities

For Organizations Exempt From Income Tax Under section 501(c) and section 527
SchCMd Bullet

Complete if the organization is described below. SchCMd Bullet

Attach to Form 990 or Form 990-EZ.
SchCMd Bullet

Information about Schedule C (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

If the organization answered "Yes" on Form 990, Part IV, Line 3, or Form 990-EZ, Part V, line 46 (Political Campaign Activities), then
Round Bullet

Section 501(c)(3) organizations: Complete Parts I-A and B. Do not complete Part I-C.
Round Bullet

Section 501(c) (other than section 501(c)(3)) organizations: Complete Parts I-A and C below. Do not complete Part I-B.
Round Bullet

Section 527 organizations: Complete Part I-A only.
If the organization answered "Yes" on Form 990, Part IV, Line 4, or Form 990-EZ, Part VI, line 47 (Lobbying Activities), then
Round Bullet

Section 501(c)(3) organizations that have filed Form 5768 (election under section 501(h)): Complete Part II-A. Do not complete Part II-B.
Round Bullet

Section 501(c)(3) organizations that have NOT filed Form 5768 (election under section 501(h)): Complete Part II-B. Do not complete Part II-A.
If the organization answered "Yes" on Form 990, Part IV, Line 5 (Proxy Tax) (see separate instructions) or Form 990-EZ, Part V, line 35c (Proxy Tax) (see separate instructions), then
Round Bullet

Section 501(c)(4), (5), or (6) organizations: Complete Part III.

Name of the organization

DREXEL UNIVERSITY

Employer identification number

23-1352630

Part I-A

Complete if the organization is exempt under section 501(c) or is a section 527 organization.

Provide a description of the organization’s direct and indirect political campaign activities in Part IV.

Political expenditures ...................................................................................................................... SchCMd Bullet

Volunteer hours .............................................................................................................................

Part I-B

Complete if the organization is exempt under section 501(c)(3).

Enter the amount of any excise tax incurred by the organization under section 4955 ................................ SchCMd Bullet

Enter the amount of any excise tax incurred by organization managers under section 4955 ....................... SchCMd Bullet

If the organization incurred a section 4955 tax, did it file Form 4720 for this year? .........................................

Yes No

Was a correction made? ......................................................................................................................

Yes No

If "Yes," describe in Part IV.

Part I-C

Complete if the organization is exempt under section 501(c), except section 501(c)(3).

Enter the amount directly expended by the filing organization for section 527 exempt function activities ..... SchCMd Bullet

Enter the amount of the filing organization's funds contributed to other organizations for section 527 exempt function activities ............................................................................................................................ SchCMd Bullet

Total exempt function expenditures. Add lines 1 and 2. Enter here and on Form 1120-POL, line 17b........... SchCMd Bullet

Did the filing organization file Form 1120-POL for this year? ...................................................................

Yes No

Enter the names, addresses and employer identification number (EIN) of all section 527 political organizations to which the filing
organization made payments. For each organization listed, enter the amount paid from the filing organization’s funds. Also enter the amount of political contributions received that were promptly and directly delivered to a separate political organization, such as a separate segregated fund or a political action committee (PAC). If additional space is needed, provide information in Part IV.

(a) Name	(b) Address	(c) EIN	(d) Amount paid from filing organization's funds. If none, enter -0-.	(e) Amount of political contributions received and promptly and directly delivered to a separate political organization. If none, enter -0-.
1
2
3
4
5
6

For Paperwork Reduction Act Notice, see the instructions for Form 990 or 990-EZ.

Cat. No. 50084S

Schedule C (Form 990 or 990-EZ) 2015

Page 2

Part II-A

Complete if the organization is exempt under section 501(c)(3) and filed Form 5768 (election under section 501(h)).

A Check SchCMd Bullet

if the filing organization belongs to an affiliated group (and list in Part IV each affiliated group member's name, address, EIN, expenses, and share of excess lobbying expenditures).
B Check SchCMd Bullet

if the filing organization checked box A and "limited control" provisions apply.

Limits on Lobbying Expenditures (The term "expenditures" means amounts paid or incurred.)		(b) Affiliated group totals
1a	Total lobbying expenditures to influence public opinion (grass roots lobbying) ...............................................
b	Total lobbying expenditures to influence a legislative body (direct lobbying) ...........................................
c	Total lobbying expenditures (add lines 1a and 1b) .......................................................................
d	Other exempt purpose expenditures .........................................................................................
e	Total exempt purpose expenditures (add lines 1c and 1d) ....................................................................
f	Lobbying nontaxable amount. Enter the amount from the following table in both columns.
	If the amount on line 1e, column (a) or (b) is:The lobbying nontaxable amount is:
	Not over $500,00020% of the amount on line 1e.
	Over $500,000 but not over $1,000,000$100,000 plus 15% of the excess over $500,000.
	Over $1,000,000 but not over $1,500,000$175,000 plus 10% of the excess over $1,000,000.
	Over $1,500,000 but not over $17,000,000$225,000 plus 5% of the excess over $1,500,000.
	Over $17,000,000$1,000,000.

g	Grassroots nontaxable amount (enter 25% of line 1f) ..........................................................................
h	Subtract line 1g from line 1a. If zero or less, enter -0-. ..........................................................................
i	Subtract line 1f from line 1c. If zero or less, enter -0-. ...........................................................................
j	If there is an amount other than zero on either line 1h or line 1i, did the organization file Form 4720 reporting section 4911 tax for this year? ..............................................................................................................	Yes No

4-Year Averaging Period Under section 501(h) (Some organizations that made a section 501(h) election do not have to complete all of the five columns below. See the separate instructions for lines 2a through 2f.)
Lobbying Expenditures During 4-Year Averaging Period
	Calendar year (or fiscal year beginning in)	(a) 2012	(b) 2013	(c) 2014	(d) 2015	(e) Total

2a	Lobbying nontaxable amount

b	Lobbying ceiling amount (150% of line 2a, column(e))

c	Total lobbying expenditures

d	Grassroots nontaxable amount

e	Grassroots ceiling amount (150% of line 2d, column (e))

f	Grassroots lobbying expenditures

Schedule C (Form 990 or 990-EZ) 2015

Page 3

Part II-B

Complete if the organization is exempt under section 501(c)(3) and has NOT filed Form 5768 (election under section 501(h)).

For each "Yes" response on lines 1a through 1i below, provide in Part IV a detailed description of the lobbying activity.

(a)

Yes

(b)

Amount

During the year, did the filing organization attempt to influence foreign, national, state or local legislation, including any attempt to influence public opinion on a legislative matter or referendum, through the use of:

Volunteers? ...........................................................................................................

Yes

Paid staff or management (include compensation in expenses reported on lines 1c through 1i)? ........

Media advertisements? ...................................................................................................

Mailings to members, legislators, or the public? .............................................................................

Yes

180,058

Publications, or published or broadcast statements? ...........................................................

Grants to other organizations for lobbying purposes? ..........................................................

Direct contact with legislators, their staffs, government officials, or a legislative body? .......................

Yes

488,679

Rallies, demonstrations, seminars, conventions, speeches, lectures, or any similar means? ..................

Other activities? ...................................................................................................................

Total. Add lines 1c through 1i ....................................................................................................

668,737

Did the activities in line 1 cause the organization to be not described in section 501(c)(3)? .....

If "Yes," enter the amount of any tax incurred under section 4912 ...........................................

If "Yes," enter the amount of any tax incurred by organization managers under section 4912 ...................

If the filing organization incurred a section 4912 tax, did it file Form 4720 for this year? ........................

Part III-A

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6).

Yes

Were substantially all (90% or more) dues received nondeductible by members? ...............................................

Did the organization make only in-house lobbying expenditures of $2,000 or less? ............................................

Did the organization agree to carry over lobbying and political expenditures from the prior year? .................................

Part III-B

Complete if the organization is exempt under section 501(c)(4), section 501(c)(5), or section 501(c)(6) and if either (a) BOTH Part III-A, lines 1 and 2, are answered "No" OR (b) Part III-A, line 3, is answered “Yes."

Dues, assessments and similar amounts from members ......................................................................

Section 162(e) nondeductible lobbying and political expenditures (do not include amounts of political expenses for which the section 527(f) tax was paid).

Current year .............................................................................................................................

Carryover from last year ............................................................................................................

Total ...........................................................................................................................................

Aggregate amount reported in section 6033(e)(1)(A) notices of nondeductible section 162(e) dues .

If notices were sent and the amount on line 2c exceeds the amount on line 3, what portion of the excess does the organization agree to carryover to the reasonable estimate of nondeductible lobbying and political expenditure next year? ......................................................................................................................

Taxable amount of lobbying and political expenditures (see instructions) .........................................

Part IV

Supplemental Information

Provide the descriptions required for Part l-A, line 1; Part l-B, line 4; Part l-C, line 5; Part II-A (affiliated group list); Part II-A, lines 1 and 2 (see instructions), and Part ll-B, line 1. Also, complete this part for any additional information.

Return Reference	Explanation
PART II-B, LINE 1:	LINE A - VOLUNTEERS: DREXEL UNIVERSITY HAS USED VOLUNTEERS TO HELP GET OUR MESSAGE TO ELECTED OFFICIALS. STUDENT VOLUNTEERS PARTICIPATE IN ACTIVITIES SUCH AS STUDENT LOBBYING DAY, SPONSORED BY THE ASSOCIATION FOR INDEPENDENT COLLEGES AND UNIVERSITIES, DURING WHICH STUDENTS TRAVEL TO HARRISBURG TO MEET THEIR ELECTED OFFICIALS. THIS PROGRAM IS DONE IN COORDINATION WITH THE STUDENT GOVERNMENT ASSOCIATION AND THE OFFICE OF UNIVERSITY STUDENT LIFE. LINE D - MAILINGS TO MEMBERS, LEGISLATORS OR THE PUBLIC: IN CASES WHERE LEGISLATION MAY OR WILL AFFECT THE UNIVERSITY, ITS SUBSIDIARIES OR HIGHER EDUCATION AND HEALTH CARE IN GENERAL, WE MAKE CONTACT WITH LEGISLATORS THROUGH MAILINGS. THESE ARE PERSONALIZED MAILINGS RATHER THAN DIRECT MAIL CAMPAIGNS. LINE G - DIRECT CONTACT WITH LEGISLATORS, THEIR STAFFS, GOVERNMENT OFFICIALS, OR A LEGISLATIVE BODY: WE HAVE DIRECT CONTACT WITH OUR LEGISLATORS, THEIR STAFFS, AND VARIOUS GOVERNMENT OFFICIALS THROUGHOUT THE YEAR VIA PHONE CALLS, WRITTEN CORRESPONDENCE, AND MEETINGS. THE FREQUENCY OF CONTACT DEPENDS ON THE ISSUES AT HAND.

Return Reference

Explanation

PART II-B, LINE 1:

LINE A - VOLUNTEERS: DREXEL UNIVERSITY HAS USED VOLUNTEERS TO HELP GET OUR MESSAGE TO ELECTED OFFICIALS. STUDENT VOLUNTEERS PARTICIPATE IN ACTIVITIES SUCH AS STUDENT LOBBYING DAY, SPONSORED BY THE ASSOCIATION FOR INDEPENDENT COLLEGES AND UNIVERSITIES, DURING WHICH STUDENTS TRAVEL TO HARRISBURG TO MEET THEIR ELECTED OFFICIALS. THIS PROGRAM IS DONE IN COORDINATION WITH THE STUDENT GOVERNMENT ASSOCIATION AND THE OFFICE OF UNIVERSITY STUDENT LIFE. LINE D - MAILINGS TO MEMBERS, LEGISLATORS OR THE PUBLIC: IN CASES WHERE LEGISLATION MAY OR WILL AFFECT THE UNIVERSITY, ITS SUBSIDIARIES OR HIGHER EDUCATION AND HEALTH CARE IN GENERAL, WE MAKE CONTACT WITH LEGISLATORS THROUGH MAILINGS. THESE ARE PERSONALIZED MAILINGS RATHER THAN DIRECT MAIL CAMPAIGNS. LINE G - DIRECT CONTACT WITH LEGISLATORS, THEIR STAFFS, GOVERNMENT OFFICIALS, OR A LEGISLATIVE BODY: WE HAVE DIRECT CONTACT WITH OUR LEGISLATORS, THEIR STAFFS, AND VARIOUS GOVERNMENT OFFICIALS THROUGHOUT THE YEAR VIA PHONE CALLS, WRITTEN CORRESPONDENCE, AND MEETINGS. THE FREQUENCY OF CONTACT DEPENDS ON THE ISSUES AT HAND.

Schedule C (Form 990 or 990EZ) 2015

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE D
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Financial Statements

Complete if the organization answered "Yes," on Form 990,
Part IV, line 6, 7, 8, 9, 10, 11a, 11b, 11c, 11d, 11e, 11f, 12a, or 12b.
SchDMd Bullet

Attach to Form 990.
Information about Schedule D (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public Inspection

Name of the organization

DREXEL UNIVERSITY

Employer identification number

23-1352630

Part I

Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" on Form 990, Part IV, line 6.

			(a) Donor advised funds	(b) Funds and other accounts

1	Total number at end of year ....	0	0
2	Aggregate value of contributions to (during year)	0	0
3	Aggregate value of grants from (during year)	0	0
4	Aggregate value at end of year ....	0	0

Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ...........

Yes No

Did the organization inform all grantees, donors, and donor advisors in writing that grant funds can be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit? ............................

Yes No

Part II

Conservation Easements. Complete if the organization answered "Yes" on Form 990, Part IV, line 7.

Purpose(s) of conservation easements held by the organization (check all that apply).

Preservation of land for public use (e.g., recreation or education) Preservation of an historically important land area

Protection of natural habitat Preservation of a certified historic structure

Preservation of open space

Complete lines 2a through 2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.


a	Total number of conservation easements ......................	2a
b	Total acreage restricted by conservation easements ....................	2b
c	Number of conservation easements on a certified historic structure included in (a) .....	2c
d	Number of conservation easements included in (c) acquired after 8/17/06, and not on a historic structure listed in the National Register ...	2d

Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during the
tax year SchDMd Bullet

Number of states where property subject to conservation easement is located SchDMd Bullet

Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and enforcement of the conservation easements it holds? ............

Yes No

Staff and volunteer hours devoted to monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Amount of expenses incurred in monitoring, inspecting, handling of violations, and enforcing conservation easements during the year
SchDMd Bullet

Does each conservation easement reported on line 2(d) above satisfy the requirements of section 170(h)(4)(B)(i) and section 170(h)(4)(B)(ii)? .............................

Yes No

In Part XIII, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" on Form 990, Part IV, line 8.

If the organization elected, as permitted under SFAS 116 (ASC 958), not to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide, in Part XIII, the text of the footnote to its financial statements that describes these items.

If the organization elected, as permitted under SFAS 116 (ASC 958), to report in its revenue statement and balance sheet works of art, historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service, provide the following amounts relating to these items:

(i)

Revenue included on Form 990, Part VIII, line 1 ......................... SchDMd Bullet

(ii)

Assets included in Form 990, Part X ............................... SchDMd Bullet

$ 11,029,587

If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 (ASC 958) relating to these items:

Revenue included on Form 990, Part VIII, line 1 .......................... SchDMd Bullet

Assets included in Form 990, Part X ............................... SchDMd Bullet

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 52283D

Schedule D (Form 990) 2015

Page 2

Part III

Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)

Using the organization’s acquisition, accession, and other records, check any of the following that are a significant use of its collection items (check all that apply):

Public exhibition

Loan or exchange programs

Scholarly research

Other

Preservation for future generations

Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIII.

During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?...

Yes No

Part IV

Escrow and Custodial Arrangements. Complete if the organization answered "Yes" on Form 990, Part IV, line 9, or reported an amount on Form 990, Part X, line 21.

Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................

Yes No


b	If "Yes," explain the arrangement in Part XIII and complete the following table:		Amount
c	Beginning balance .............................	1c
d	Additions during the year ............................	1d
e	Distributions during the year ..........................	1e
f	Ending balance ................................	1f

Did the organization include an amount on Form 990, Part X, line 21, for escrow or custodial account liability?

Yes No

If "Yes," explain the arrangement in Part XIII. Check here if the explanation has been provided in Part XIII ........

Part V

Endowment Funds. Complete if the organization answered "Yes" on Form 990, Part IV, line 10.

		(a)Current year	(b)Prior year	(c)Two years back	(d)Three years back	(e)Four years back

1a	Beginning of year balance ....	585,577,000	421,686,000	390,238,000	364,097,000	382,586,000
b	Contributions ...	39,641,291	172,402,000	-7,443,000	13,767,000	4,517,000
c	Net investment earnings, gains, and losses	-13,919,159	14,441,000	56,103,000	28,541,000	1,307,000
d	Grants or scholarships ...	6,040,655	5,726,137	4,458,144	4,427,242	4,420,686
e	Other expenditures for facilities and programs ...	16,152,402	17,225,863	12,753,856	11,739,758	19,892,314
f	Administrative expenses ....
g	End of year balance ......	589,106,075	585,577,000	421,686,000	390,238,000	364,097,000

Provide the estimated percentage of the current year end balance (line 1g, column (a)) held as:

Board designated or quasi-endowment SchDMd Bullet

36.580 %

Permanent endowment SchDMd Bullet

45.260 %

Temporarily restricted endowment SchDMd Bullet

18.160 %

The percentages on lines 2a, 2b, and 2c should equal 100%.

Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes

(i) unrelated organizations .................

3a(i)

(ii) related organizations .................

3a(ii)

If "Yes" on 3a(ii), are the related organizations listed as required on Schedule R? .........

Describe in Part XIII the intended uses of the organization's endowment funds.

Part VI

Land, Buildings, and Equipment.
Complete if the organization answered 'Yes' on Form 990, Part IV, line 11a. See Form 990, Part X, line 10.

Description of property		(a) Cost or other basis (investment)	(b)Cost or other basis (other)	(c) Accumulated depreciation	(d) Book value

1a	Land ...	101,329,323		101,329,323
b	Buildings	955,720,296	263,472,577	692,247,719
c	Leasehold improvements	66,414,870	37,484,442	28,930,428
d	Equipment ...	143,558,698	99,446,266	44,112,432
e	Other ...	76,601,085	54,491,409	22,109,676
Total. Add lines 1a through 1e. (Column (d) must equal Form 990, Part X, column (B), line 10(c).)..				888,729,578

Schedule D (Form 990) 2015

Page 3

Part VII

InvestmentsOther Securities. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11b. See Form 990, Part X, line 12.

(a) Description of security or category (including name of security)	(b)Book value	(c)Method of valuation: Cost or end-of-year market value
(1)Financial derivatives
(2)Closely-held equity interests
(3)Other (A) ALTERNATIVE INVESTMENTS	108,772,242	F
(B) REAL ESTATE & REAL ASSETS	156,064,132	F
(B)
(C)
(D)
(E)
(F)
(G)
(H)
Total. (Column (b) must equal Form 990, Part X, col. (B) line 12.)	264,836,374

Part VIII

InvestmentsProgram Related. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11c. See Form 990, Part X, line 13.

(a) Description of investment	(b) Book value	(c) Method of valuation: Cost or end-of-year market value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 13.)

Part IX

Other Assets. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11d. See Form 990, Part X, line 15.

(a) Description				(b) Book value

(1)
(2)
(3)
(4)
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 15.)...........

Part X

Other Liabilities. Complete if the organization answered 'Yes' on Form 990, Part IV, line 11e or 11f. See Form 990, Part X, line 25.

1.(a) Description of liability	(b) Book value
(1) Federal income taxes
DEPOSITS	19,353,511
GOVERNMENT ADVANCES FOR STUDENT LOANS	29,359,615
CAPITAL LEASE, ARMORY	2,740,554
INTERCOMPANY PAYABLE	714,958
(5)
(6)
(7)
(8)
(9)
Total. (Column (b) must equal Form 990, Part X, col.(B) line 25.)	52,168,638
2. Liability for uncertain tax positions. In Part XIII, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC 740). Check here if the text of the footnote has been provided in Part XIII

Schedule D (Form 990) 2015

Page 4

Part XI Reconciliation of Revenue per Audited Financial Statements With Revenue per Return Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total revenue, gains, and other support per audited financial statements .......		1
2	Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a	Net unrealized gains (losses) on investments ....	2a
b	Donated services and use of facilities .........	2b
c	Recoveries of prior year grants ...........	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d .....................		2e
3	Subtract line 2e from line 1..................		3
4	Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b .	4a
b	Other (Describe in Part XIII.) ...........	4b
c	Add lines 4a and 4b....................		4c
5	Total revenue. Add lines 3 and 4c. (This must equal Form 990, Part I, line 12.) ......		5

Part XII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return. Complete if the organization answered 'Yes' on Form 990, Part IV, line 12a.
1	Total expenses and losses per audited financial statements ...........		1
2	Amounts included on line 1 but not on Form 990, Part IX, line 25:
a	Donated services and use of facilities .........	2a
b	Prior year adjustments ............	2b
c	Other losses ................	2c
d	Other (Describe in Part XIII.) ............	2d
e	Add lines 2a through 2d....................		2e
3	Subtract line 2e from line 1...................		3
4	Amounts included on Form 990, Part IX, line 25, but not on line 1:
a	Investment expenses not included on Form 990, Part VIII, line 7b ..	4a
b	Other (Describe in Part XIII.) ............	4b
c	Add lines 4a and 4b.....................		4c
5	Total expenses. Add lines 3 and 4c. (This must equal Form 990, Part I, line 18.) ......		5

Part XIII

Supplemental Information

Provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X, line 2; Part XI, lines 2d and 4b; and Part XII, lines 2d and 4b. Also complete this part to provide any additional information.

Return Reference	Explanation
PART III, LINE 4:	THE DREXEL COLLECTION, FOUNDED BY A.J. DREXEL IN 1892, CONSISTS OF APPROXIMATELY 6,000 WORKS OF ART. THE FOCUS OF THE COLLECTION IS PRIMARILY 19TH CENTURY EUROPEAN ART INCLUDING PAINTINGS, SCULPTURE, PRINTS AND DRAWINGS, PORCELAIN, SILVER AND FURNITURE. THERE ARE ALSO A FEW AMERICAN 19TH CENTURY LANDSCAPE PAINTINGS AND COMMISSIONED PORTRAITS OF LEADERS FROM THE MEDICAL COLLEGE OF PENNSYLVANIA AND HAHNEMANN HOSPITAL AS WELL AS CURRENT DREXEL LEADERS. WE ALSO MAINTAIN THE CORE COLLECTION FROM THE ALMA DEA MORANI GALLERY, WHICH WAS THE FIRST ART GALLERY PART OF A MEDICAL COLLEGE WHEN IT WAS FOUNDED IN 1985 AND ARE CREATING A PUBLIC EXHIBIT OF THESE PIECES ON THE CENTER CITY CAMPUS. ALL OF THESE PIECES ARE USED TO SHOW THE HISTORY OF DREXEL'S MEDICAL COLLEGE AS WELL AS OFFER ACCESS TO CULTURAL ARTIFACTS TO THE STUDENTS. THE DREXEL COLLECTION IS DISPLAYED IN THREE GALLERIES - THE ANTHONY J. DREXEL PICTURE GALLERY, THE RINCLIFFE GALLERY AND THE GALLERY IN THE PAUL PECK ALUMNI CENTER. THE GALLERIES ARE FREE AND OPEN TO THE STUDENTS, FACULTY, STAFF AND THE PUBLIC. OBJECTS FROM THE DREXEL COLLECTION ARE ALSO DISPLAYED THROUGHOUT THE MAIN BUILDING AND UNIVERSITY CITY, CENTER CITY AND QUEEN LANE CAMPUSES. THE DISPLAYS INTERPRET THE ARTWORK TO MAKE THEM MORE RELEVANT TO THE STUDENTS, FACULTY AND STAFF. THE COLLECTION OBJECTS ARE ALSO USED FOR WORKSHOPS AND CLASSES TO DESIGN AND IMPLEMENT PUBLIC EXHIBITIONS, RESEARCH PROJECTS AND PRACTICUMS FOR STUDENTS STUDYING ART MANAGEMENT.
PART V, LINE 4:	DREXEL UNIVERSITY HAD AN ENDOWMENT SPENDING RULE THAT THE SPENDING OF ENDOWMENT RESOURCES TO 4.75% OF THE AVERAGE MARKET VALUE OF THE POOLED ENDOWMENT PORTFOLIO FOR THE PRIOR SEVEN FISCAL YEARS. TO THE EXTENT THAT CURRENT YIELD IS INADEQUATE TO MEET THE SPENDING RULE, A PORTION OF CUMULATIVE REALIZED NET GAINS IS AVAILABLE FOR CURRENT USE. ENDOWMENT RESOURCES ARE USED TO FUND OPERATIONS, SCHOLARSHIPS, ACADEMIC PROGRAMS AND PROFESSORSHIPS.
PART X, LINE 2:	THE UNIVERSITY HAS BEEN GRANTED TAX-EXEMPT STATUS AS A NONPROFIT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, ACCORDINGLY, FILES FEDERAL TAX FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX) ANNUALLY. NO PROVISION FOR INCOME TAXES IS REQUIRED IN THE UNIVERSITY FINANCIAL STATEMENTS. THE UNIVERSITY FILES U.S. FEDERAL, STATE AND LOCAL INFORMATION RETURNS. THE STATUTE OF LIMITATIONS ON THE UNIVERSITY'S U.S. FEDERAL INFORMATION RETURNS REMAINS OPEN FOR THREE YEARS FOLLOWING THE YEAR THEY ARE FILED. THE UNIVERSITY AND ITS AFFILIATES ENGAGE IN ACTIVITIES THAT ARE SUBJECT TO UNRELATED BUSINESS INCOME TAXES FOR WHICH APPROPRIATE INCOME TAX RETURNS ARE FILED. THE FINANCIAL ACCOUNTING STANDARDS BOARD ("FASB") ISSUED ACCOUNTING STANDARDS CODIFICATION("ASC") 740-10, ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH REQUIRES THAT A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THE UNIVERSITY DOES NOT BELIEVE THERE ARE ANY UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION IN THE FINANCIAL STATEMENTS.

Schedule D (Form 990) 2015

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE E(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Schools

Complete if the organization answered "Yes" on Form 990,
Part IV, line 13, or Form 990-EZ, Part VI, line 48.
Right pointing arrow large image

Attach to Form 990 or Form 990-EZ.
Right pointing arrow large image

Information about Schedule E (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047 2015Open to Public Inspection

Name of the organization

DREXEL UNIVERSITY

Employer identification number

23-1352630

Part I

YES

Does the organization have a racially nondiscriminatory policy toward students by statement in its charter, bylaws,

other governing instrument, or in a resolution of its governing body? . . . . . . . . . . . . . . . . . . .

Yes

Does the organization include a statement of its racially nondiscriminatory policy toward students in all its

brochures, catalogues, and other written communications with the public dealing with student admissions,

programs, and scholarships? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

Has the organization publicized its racially nondiscriminatory policy through newspaper or broadcast media during

the period of solicitation for students, or during the registration period if it has no solicitation program, in a way

that makes the policy known to all parts of the general community it serves? If "Yes," please describe. If "No,"

please explain. If you need more space use Part II. . . . . . . . . . . . . . . . . . . . . . . . .

Yes

Does the organization maintain the following?

Records indicating the racial composition of the student body, faculty, and administrative staff? . . . . . . . . .

Yes

Records documenting that scholarships and other financial assistance are awarded on a racially nondiscriminatory

basis? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

Copies of all catalogues, brochures, announcements, and other written communications to the public dealing

with student admissions, programs, and scholarships? . . . . . . . . . . . . . . . . . . . . . . .

Yes

Copies of all material used by the organization or on its behalf to solicit contributions? . . . . . . . . . . . .

Yes

If you answered "No" to any of the above, please explain. If you need more space, use Part II.

Does the organization discriminate by race in any way with respect to:

Students' rights or privileges? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Admissions policies? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Employment of faculty or administrative staff? . . . . . . . . . . . . . . . . . . . . . . . . .

Scholarships or other financial assistance? . . . . . . . . . . . . . . . . . . . . . . . . . .

Educational policies? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Use of facilities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Athletic programs? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Other extracurricular activities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

If you answered "Yes" to any of the above, please explain. If you need more space, use Part II.

Does the organization receive any financial aid or assistance from a governmental agency? . . . . . . . . . .

Yes

Has the organization's right to such aid ever been revoked or suspended? . . . . . . . . . . . . . . . .

If you answered "Yes" to either line 6a or line 6b, explain on Part II.

Does the organization certify that it has complied with the applicable requirements of sections 4.01 through 4.05

of Rev. Proc. 75-50, 1975-2 C.B. 587, covering racial nondiscrimination? If "No," explain on Part II. . . . . . . . .

Yes

Paperwork Reduction Act Notice, see the Instructions for Form 990 or Form 990-EZ.

Cat. No. 50085D

Schedule E (Form 990 or 990-EZ) (2015)

Schedule E (Form 990 or 990EZ) (2015)

Page 2

Part II

Supplemental Information. Provide the explanations required by Part I, lines 3, 4d, 5h, 6b, and 7, as applicable. Also provide
any other additional information (see instructions).

Return Reference	Explanation
SCHEDULE E, PART I, LINE 3	DREXEL UNIVERSITY INCLUDES ITS RACIALLY NONDISCRIMINATORY POLICY IN NEWSPAPER AND MAGAZINE ADVERTISING DURING REGISTRATION PERIODS AND IN STUDENT BROCHURES.
SCHEDULE E, PART I, LINE 5	DREXEL UNIVERSITY WAS FOUNDED UPON THE PRINCIPLE OF DIVERSITY AS AN EDUCATIONAL GOAL AND REMAINS COMMITTED TO THAT PRINCIPLE TODAY. IN 1892, NOTED FINANCIER, PHILANTHROPIST, AND ADVISOR TO U.S. PRESIDENTS, ANTHONY J. DREXEL CREATED THE DREXEL INSTITUTE OF ART, SCIENCE AND INDUSTRY TO PROVIDE HIGHER EDUCATION TO MEN AND WOMEN OF THE WORKING CLASS WHO WERE NOT WELCOME IN THE COLLEGES AND UNIVERSITIES OF THAT DAY. A.J.DREXEL ENVISIONED A LEARNING ENVIRONMENT IN WHICH YOUNG MEN AND WOMEN WOULD LEARN SKILLS AND ACQUIRE KNOWLEDGE IN SUBJECTS THAT WOULD PREPARE THEM FOR REWARDING CAREERS. DREXEL'S CO-OPERATIVE EDUCATION PROGRAM ENCOURAGES STUDENTS TO LEARN HOW TO WORK TOGETHER BY PLACING THEM IN REAL BUSINESS SETTINGS THAT ARE INCREASINGLY DIVERSE. WE HAVE EMBRACED DIVERSITY BECAUSE WE KNOW THERE IS NO OTHER WAY TO ENSURE OUR STUDENTS ARE PREPARED FOR A DIVERSE WORLD. WE WILL CONTINUE TO HONOR OUR FOUNDERS' VISIONS, CREATING A DIVERSE STUDENT COMMUNITY AS AN ESSENTIAL PART OF OUR MISSION.
SCHEDULE E, PART I, LINE 6	DREXEL UNIVERSITY RECEIVES FUNDS FROM VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES UNDER THEIR RESPECTIVE STUDENT FINANCIAL AID ASSISTANCE PROGRAMS. FEDERAL PROGRAMS INCLUDE THE PELL GRANT PROGRAM, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT (SEOG) PROGRAM, COLLEGE WORK STUDY (CWS) PROGRAM AND PERKINS LOAN PROGRAM. THE STATE PROGRAM IS THE PENNSYLVANIA HIGHER EDUCATION ASSISTANCE PROGRAM FOR STUDENTS. THE UNIVERSITY RECEIVES FUNDS FROM VARIOUS FEDERAL AND STATE GOVERNMENTAL AGENCIES FOR SPONSORED RESEARCH AND OTHER PROJECT GRANTS, INCLUDING NSF AND HHS. APPROPRIATIONS ARE RECEIVED FROM THE COMMONWEALTH OF PENNSYLVANIA FOR THE MD PROGRAM, GENERAL MAINTENANCE OF THE COLLEGE, STUDENT AID, MINORITY EDUCATION AND RECRUITMENT, PEDIATRIC SERVICES AND OTHER OPERATING EXPENSES THAT FURTHER OUR MISSION AND OBJECTIVES OF EDUCATION AND RESEARCH.

Schedule E (Form 990 or 990-EZ) (2015)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE F(Form 990)

Department of the Treasury
Internal Revenue Service

Statement of Activities Outside the United States

Complete if the organization answered "Yes" to Form 990,Part IV, line 14b, 15, or 16. Right pointing arrow large image

Attach to Form 990. Right pointing arrow large image

See separate instructions. Right pointing arrow large image

Information about Schedule F (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public Inspection

Name of the organization
DREXEL UNIVERSITY

Employer identification number

23-1352630

Part I

General Information on Activities Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 14b.

For grantmakers.Does the organization maintain records to substantiate the amount of its grants and

other assistance, the grantees’ eligibility for the grants or assistance, and the selection criteria used

to award the grants or assistance? . . . . . . . . . . . . . . . . . . . . . . . . .

Yes

For grantmakers. Describe in Part V the organization’s procedures for monitoring the use of its grants and other assistance outside the United States.

Activites per Region. (The following Part I, line 3 table can be duplicated if additional space is needed.)

(a) Region		(d) Activities conducted in region (by type) (e.g., fundraising, program services, investments, grants to recipients located in the region)	(e) If activity listed in (d) is a program service, describe specific type of service(s) in region	(f) Total expenditures for and investments in region
	EUROPE	PROGRAM SERVICES	ATHLETICS	33,895
	NORTH AMERICA	PROGRAM SERVICES	ATHLETICS	3,180
	EUROPE	FUNDRAISING		470
	EAST ASIA AND THE PACIFIC	FUNDRAISING		51,713
	SOUTH ASIA	FUNDRAISING		5,058
	SOUTH ASIA	PROGRAM SERVICES	CONFERENCES/TRAVEL	600
	EUROPE	PROGRAM SERVICES	CONFERENCES/TRAVEL	45,122
	EAST ASIA AND THE PACIFIC	PROGRAM SERVICES	CONFERENCES/TRAVEL	20,511
	SOUTH AMERICA	BUSINESS		3,464
	SUB-SAHARAN AFRICA	BUSINESS		1,158
	CENTRAL AMERICA	PROGRAM SERVICES	CONFERENCES/TRAVEL	2,193
	RUSSIA	FUNDRAISING		1,000
	MIDDLE EAST & NORTH AFRICA	PROGRAM SERVICES	CONFERENCES/TRAVEL	35,774
	SOUTH ASIA	PROGRAM SERVICES	RECRUITING	26,894
	EUROPE	PROGRAM SERVICES	RECRUITING	30,438
	EAST ASIA AND THE PACIFIC	PROGRAM SERVICES	RECRUITING	120,352
	SOUTH AMERICA	PROGRAM SERVICES	RECRUITING	10,506
	NORTH AMERICA	PROGRAM SERVICES	RECRUITING	3,247
	SUB-SAHARAN AFRICA	PROGRAM SERVICES	RECRUITING	7,299
	CENTRAL AMERICA	PROGRAM SERVICES	RECRUITING	1,515
	MIDDLE EAST & NORTH AFRICA	PROGRAM SERVICES	RECRUITING	411
	SOUTH ASIA	PROGRAM SERVICES	RESEARCH	5,818
	EUROPE	PROGRAM SERVICES	RESEARCH	245,583
	EAST ASIA AND THE PACIFIC	PROGRAM SERVICES	RESEARCH	482,847
	SOUTH AMERICA	PROGRAM SERVICES	RESEARCH	10,262
	NORTH AMERICA	PROGRAM SERVICES	RESEARCH	64,135
	SUB-SAHARAN AFRICA	PROGRAM SERVICES	RESEARCH	419,137
	CENTRAL AMERICA	PROGRAM SERVICES	RESEARCH	7,459
	MIDDLE EAST & NORTH AFRICA	PROGRAM SERVICES	RESEARCH	10,089
	EUROPE	PROGRAM SERVICES	STUDY ABROAD	548,406
	EAST ASIA AND THE PACIFIC	PROGRAM SERVICES	STUDY ABROAD	24,640
	EAST ASIA AND THE PACIFIC	PROGRAM SERVICES	ATHLETICS	377
	CENTRAL AMERICA	PROGRAM SERVICES	STUDY ABROAD	173,012
	NORTH AMERICA	PROGRAM SERVICES	CONFERENCES/TRAVEL	221,533
	RUSSIA	PROGRAM SERVICES	RECRUITING	4,200
	NORTH AMERICA	PROGRAM SERVICES	STUDY ABROAD	110,591
	SOUTH AMERICA	PROGRAM SERVICES	STUDY ABROAD	880
	MIDDLE EAST AND NORTH AFRICA	PROGRAM SERVICES	STUDY ABROAD	26
	CENTRAL AMERICA	PROGRAM SERVICES	ATHLETICS	24,139
	SUB-SAHARAN AFRICA	PROGRAM SERVICES	ATHLETICS	76
	NORTH AMERICA	FUNDRAISING		28
	CENTRAL AMERICA	FUNDRAISING		681
	MIDDLE EAST AND NORTH AFRICA	FUNDRAISING		396
	RUSSIA	PROGRAM SERVICES	RESEARCH	13,630
	SOUTH ASIA	PROGRAM SERVICES	STUDY ABROAD	2,067
	SUB-SAHARAN AFRICA	PROGRAM SERVICES	STUDY ABROAD	369
	SOUTH ASIA	BUSINESS		2,908
	EUROPE	BUSINESS		125,735
	EAST ASIA AND THE PACIFIC	BUSINESS		49,509
	NORTH AMERICA	BUSINESS		39,712
	CENTRAL AMERICA	BUSINESS		2,804
	MIDDLE EAST AND NORTH AFRICA	BUSINESS		7,829
3a	Sub-total .....			160,549
b	Total from continuation sheets to Part I ...			2,843,129
c	Totals (add lines 3a and 3b)			3,003,678

For Paperwork Reduction Act Notice, see the Instructions for Form 990.Cat. No. 50082W Schedule F (Form 990) 2015

Schedule F (Form 990) 2015

Page 2

Part II

Grants and Other Assistance to Organizations or Entities Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 15, for any recipient who received more than $5,000. Part II can be duplicated if additional space is needed.

(a)(c) Region	(b)(d) Purpose of grant	(e) Amount of cash grant	(f) Manner of cash disbursement	(g) Amount of non-cash assistance
EUROPE	RESEARCH	92,252	WIRE	0
MIDDLE EAST AND NORTH AFRICA	RESEARCH	20,094	WIRE	0
SOUTH ASIA	RESEARCH	46,127	WIRE	0
EAST ASIA AND THE PACIFIC	RESEARCH	127,108	WIRE/CHECK	0
NORTH AMERICA	RESEARCH	24,865	CHECK	0
SUB-SAHARAN AFRICA	RESEARCH	73,276	WIRE	0

2	Enter total number of recipient organizations listed above that are recognized as charities by the foreign country, recognized as tax-exempt by the IRS, or for which the grantee or counsel has provided a section 501(c)(3) equivalency letter .......	9
3	Enter total number of other organizations or entities .......................	2

Schedule F (Form 990) 2015

Schedule F (Form 990) 2015Page 3

Part III

Grants and Other Assistance to Individuals Outside the United States. Complete if the organization answered "Yes" to Form 990, Part IV, line 16.

Part III can be duplicated if additional space is needed.

	(b) Region	(c) Number of recipients	(d) Amount of cash grant	(e) Manner of cash disbursement
SCHOLARSHIPS	EAST ASIA AND THE PACIFIC	45	357,750	CHECK
SCHOLARSHIPS	EUROPE	27	72,250	CHECK
SCHOLARSHIPS	SUB-SAHARAN AFRICA	13	33,250	CHECK
SCHOLARSHIPS	NORTH AMERICA	1	1,000	CHECK
SCHOLARSHIPS	CENTRAL AMERICA AND THE CARIBBEAN	2	2,500	CHECK
SCHOLARSHIPS	SOUTH ASIA	2	5,000	CHECK
SCHOLARSHIPS	MIDDLE EAST AND NORTH AFRICA	2	7,500	CHECK

Schedule F (Form 990) 2015

Page 4

Part IV

Foreign Forms

Schedule F (Form 990) 2015

Page 5

Part V

Supplemental Information
Provide the information required by Part I, line 2 (monitoring of funds); Part I, line 3, column (f) (accounting method; amounts of investments vs. expenditures per region); Part II, line 1 (accounting method); Part III (accounting method); and Part III, column (c) (estimated number of recipients), as applicable. Also complete this part to provide any additional information (see instructions).

ReturnReference	Explanation
PART I, LINE 2:	THE PRINCIPAL INVESTIGATOR HAVING RESPONSIBILITY FOR THE GRANT MONITORS SUBCONTRACTOR PERFORMANCE BASED ON THE PROGRAM'S TASKS AND GOALS. THE PRINCIPAL INVESTIGATOR REVIEWS THE PERFORMANCE BEFORE AUTHORIZING THE SUBCONTRACTOR'S INVOICE FOR PAYMENT.

Schedule F (Form 990) 2015

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE G (Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information Regarding
Fundraising or Gaming Activities

Complete if the organization answered "Yes" on Form 990, Part IV, lines 17, 18, or 19, or if the organization entered more than $15,000 on Form 990-EZ, line 6a. right arrow

Attach to Form 990 or Form 990-EZ.
right arrow

Information about Schedule G (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public Inspection

Name of the organization
DREXEL UNIVERSITY

Employer identification number

23-1352630

Part I

Fundraising Activities. Complete if the organization answered "Yes" on Form 990, Part IV, line 17.

Form 990-EZ filers are not required to complete this part.

Indicate whether the organization raised funds through any of the following activities. Check all that apply.

a	Mail solicitations	e	Solicitation of non-government grants
b	Internet and email solicitations	f	Solicitation of government grants
c	Phone solicitations	g	Special fundraising events
d	In-person solicitations

Did the organization have a written or oral agreement with any individual (including officers, directors, trustees

or key employees listed in Form 990, Part VII) or entity in connection with professional fundraising services?

YesNo

If "Yes," list the ten highest paid individuals or entities (fundraisers) pursuant to agreements under which the fundraiser is
to be compensated at least $5,000 by the organization.

(i) Name and address of individual or entity (fundraiser)		(ii) Activity	(iii) Did fundraiser have custody or control of contributions?		(iv) Gross receipts from activity	(v) Amount paid to (or retained by) fundraiser listed in col. (i)	(vi) Amount paid to (or retained by) organization
			Yes	No
	RUFFALO NOEL LEVITZ 1025 KIRKWOOD PARKWAY SW CEDAR RAPIDS, IA52404	PHONE SOLICITATION PROGRAM		No	240,183	250,152	-9,969









Total . . . . . . . . . . . . . . . . . . . .					240,183	250,152	-9,969

List all states in which the organization is registered or licensed to solicit contributions or has been notified it is exempt from registration or licensing.

AL, AK, AZ, AR, CA, CO, CT, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50083H

Schedule G (Form 990 or 990-EZ) 2015

Page 2

Part II

Fundraising Events. Complete if the organization answered "Yes" on Form 990, Part IV, line 18, or reported more than $15,000 of fundraising event contributions and gross income on Form 990-EZ, lines 1 and 6b. List events with gross receipts greater than $5,000.

		(a) Event #1 IWHL - WOMEN ONE EVENT (event type)	(b) Event #2 BUSINESS LEADER LUNCH 2016 (event type)	(c) Other events 10 (total number)	(d) Total events (add col. (a) through col. (c))
1	Gross receipts . . . . .	206,656	254,200	401,268	862,124
2	Less: Contributions . . . .	190,451	233,675	225,074	649,200
3	Gross income (line 1 minus line 2) . . . . . .	16,205	20,525	176,194	212,924

4	Cash prizes . . . . .
5	Noncash prizes . . . .			9,065	9,065
6	Rent/facility costs . . . .	8,983	54,723	115,881	179,587
7	Food and beverages . . .	1,416		36,937	38,353
8	Entertainment . . . .		20,350	17,957	38,307
9	Other direct expenses . . .	47,718	5,877	149,908	203,503
10	Direct expense summary. Add lines 4 through 9 in column (d) . . . . . . . . . .				468,815
11	Net income summary. Subtract line 10 from line 3, column (d). . . . . . . . . .				-255,891

Part III

Gaming. Complete if the organization answered "Yes" on Form 990, Part IV, line 19, or reported more than $15,000 on Form 990-EZ, line 6a.

		(a) Bingo	(b) Pull tabs/Instant bingo/progressive bingo	(c) Other gaming	(d) Total gaming (add col.(a) through col.(c))
1	Gross revenue . . . . .

2	Cash prizes . . . . .
3	Noncash prizes . . . .
4	Rent/facility costs . . . .
5	Other direct expenses . . .	47,718	5,877	149,908	203,503

Volunteer labor . . . .

	Yes %
	No

	Yes %
	No

	Yes %
	No

Direct expense summary. Add lines 2 through 5 in column (d) . . . . . . . . . . right arrow

Net gaming income summary. Subtract line 7 from line 1, column (d). . . . . . . . . right arrow

Enter the state(s) in which the organization conducts gaming activities:

Is the organization licensed to conduct gaming activities in each of these states? . . . . . . . .

YesNo

If "No," explain:

10a

Were any of the organization's gaming licenses revoked, suspended or terminated during the tax year? . . .

YesNo

If "Yes," explain:

Schedule G (Form 990 or 990-EZ) 2015

Page 3

Does the organization conduct gaming activities with nonmembers? . . . . . . . . . . .

YesNo

Is the organization a grantor, beneficiary or trustee of a trust or a member of a partnership or other entity

formed to administer charitable gaming? . . . . . . . . . . . . . . . . .

YesNo

Indicate the percentage of gaming activity conducted in:

The organization's facility . . . . . . . . . . . . . . . . . .

13a

An outside facility . . . . . . . . . . . . . . . . . . . .

13b

Enter the name and address of the person who prepares the organization's gaming/special events books and records:

Name

Address

15a

Does the organization have a contract with a third party from whom the organization receives gaming

revenue? . . . . . . . . . . . . . . . . . . . . . . . .

YesNo

If "Yes," enter the amount of gaming revenue received by the organization right arrow

$ and the

amount of gaming revenue retained by the third party right arrow

$ .

If "Yes," enter name and address of the third party:

Name

Address

Gaming manager information:

Name

Gaming manager compensation right arrow

Description of services provided right arrow

Director/officer Employee Independent contractor

Mandatory distributions:

Is the organization required under state law to make charitable distributions from the gaming proceeds to

retain the state gaming license? . . . . . . . . . . . . . . . . . . .

YesNo

Enter the amount of distributions required under state law distributed to other exempt organizations or spent

in the organization's own exempt activities during the tax year right arrow

Part IV

Supplemental Information. Provide the explanations required by Part I, line 2b, columns (iii) and (v); and Part III, lines 9, 9b, 10b, 15b, 15c, 16, and 17b, as applicable. Also complete this part to provide any additional information (see instructions).

Return Reference	Explanation

Schedule G (Form 990 or 990-EZ) 2015

Additional Data

Software ID:
Software Version:

- TIN:

Schedule I
(Form 990)

Department of the Treasury
Internal Revenue Service

Grants and Other Assistance to Organizations,
Governments and Individuals in the United States

Complete if the organization answered "Yes," on Form 990, Part IV, line 21 or 22.
lBullet

Attach to Form 990.
lBullet

Information about Schedule I (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization
DREXEL UNIVERSITY

Employer identification number
23-1352630

Part I

General Information on Grants and Assistance

Does the organization maintain records to substantiate the amount of the grants or assistance, the grantees' eligibility for the grants or assistance, and
the selection criteria used to award the grants or assistance? ........................

Yes No

Describe in Part IV the organization's procedures for monitoring the use of grant funds in the United States.

Part II

Grants and Other Assistance to Domestic Organizations and Domestic Governments. Complete if the organization answered "Yes" on Form 990, Part IV, line 21, for any recipient

that received more than $5,000. Part II can be duplicated if additional space is needed.

(a) Name and address of organization or government	(b) EIN	(c) IRC section if applicable	(d) Amount of cash grant	(e) Amount of non-cash assistance	(f) Method of valuation (book, FMV, appraisal, other)	(g) Description of non-cash assistance	(h) Purpose of grant or assistance

(1) ALBERT EINSTEIN HEALTHCARE NETWORK 5501 OLD YORK RD PHILADELPHIA,PA19141	23-2290323	501(C)(3)	187,952	RESEARCH
(2) CASE WESTERN RESERVE UNIVERSITY 10900 EUCLID AVENUE CLEVELAND,OH441067006	34-1018992	501(C)(3)	122,903	RESEARCH
(3) CHEYNEY UNIVERSITY 1837 UNIVERSITY CIRCLE CHEYNEY,PA19319	23-2478688	501(C)(3)	40,733	RESEARCH
(4) CHILDRENS HOSPITAL OF PHILADELPHIA 34TH STREET CIVIC CENTER BLVD PHILADELPHIA,PA19104	23-1352166	501(C)(3)	192,064	RESEARCH
(5) COALITION OF CANCER COOPERATIVE GROUP 1818 MARKET STREET SUITE 1100 PHILADELPHIA,PA19103	23-2935628	501(C)(3)	39,818	RESEARCH
(6) TRUSTEES OF BOSTON UNIVERSITY 881 COMMONWEALTH BALTIMORE,MA02215	04-2103547	501(C)(3)	80,409	RESEARCH
(7) COMMUNITY COLLEGE OF PHILADELPHIA 1700 SPRING GARDEN STREET PHILADELPHIA,PA19130	23-2612698	501(C)(3)	24,652	RESEARCH
(8) DANA-FARBER CANCER INSTITUTE 44 BINNEY STREET BP414 BOSTON,MA02115	04-2263040	501(C)(3)	606,492	RESEARCH
(9) DELAWARE STATE UNIVERSITY 1200 N DUPONT HIGHWAY DOVER,DE19901	51-0305893	501(C)(3)	493,303	RESEARCH
(10) TRUSTEES OF COLUMBIA UNIVERSITY 136 SOUTH BROADWAY NEW YORK,NY10533	13-5598093	501(C)(3)	277,780	RESEARCH
(11) JOHNS HOPKINS UNIVERSITY 3400 N CHARLES ST STE 225 BALTIMORE,MD21218	52-0595110	501(C)(3)	597,644	RESEARCH
(12) KAISER FOUNDATION RESEARCH INSTITUTE 1800 HARRISON STREET 16TH FLOOR OAKLAND,CA94612	94-1105628	501(C)(3)	163,138	RESEARCH
(13) NEW JERSEY INSTITUTE OF TECHNOLOGY UNIVERSITY HEIGHTS NEWARK,NJ07102	22-6000910	501(C)(3)	76,951	RESEARCH
(14) REGENTS OF UNIVERSITY OF CALIFORNIA AT IRVINE BOX 951432 IRVINE,CA90095	95-2226406	501(C)(3)	311,554	RESEARCH
(15) SWARTHMORE COLLEGE 500 COLLEGE AVENUE SWARTHMORE,PA19081	23-1352683	501(C)(3)	26,046	RESEARCH
(16) TEMPLE UNIVERSITY 1801 N BROAD STREET PHILADELPHIA,PA19122	23-1365971	501(C)(3)	1,035,644	RESEARCH
(17) THOMAS JEFFERSON UNIVERSITY 1020 WALNUT STREET PHILADELPHIA,PA19107	23-1352651	501(C)(3)	59,092	RESEARCH
(18) TRUSTEES OF UNIVERSITY OF PENNSYLVANIA 3451 WALNUT STREET PHILADELPHIA,PA19104	23-1352685	501(C)(3)	1,032,128	RESEARCH
(19) REGENERATIVE RESEARCH FOUNDATION ONE DISCOVERY DRIVE RENSSELAER,NY12144	20-3654626	501(C)(3)	55,142	RESEARCH
(20) UNIVERSITY OF CHICAGO 5801 S ELLIS AVENUE CHICAGO,IL60637	36-2177139	501(C)(3)	75,836	RESEARCH
(21) UNIVERSITY OF DELAWARE 30 LOVETT AVE NEWARK,DE19716	51-6000297	501(C)(3)	125,669	RESEARCH
(22) SHIMA SEIKI USA INC 22 ABEEL RD MONROE TWP,NJ08831	22-2708902		22,788	RESEARCH
(23) UNIVERSITY OF PITTSBURGH 116 ATWOOD STREET SUITE 201 PITTSBURGH,PA15260	25-0965591	501(C)(3)	82,142	RESEARCH
(24) SYRACUSE UNIVERSITY 108 SKYTOP OFFICE BLDG SYRACUSE,NY13244	15-0532081	501(C)(3)	9,420	RESEARCH
(25) TELEMONITOR INC 9055F GUILFORD RD COLUMBIA,MD21046	52-2175262		9,706	RESEARCH
(26) ROCHESTER GENERAL HOSPITAL 100 KINGS HIGHWAY ROCHESTER,NY14617	16-0743134	501(C)(3)	17,998	RESEARCH
(27) WEST TEXAS A & M UNIVERSITY WT BOX 60999 CANYON,TX79016	75-6031405	501(C)(3)	55,163	RESEARCH
(28) RECONSTRUCTIVE ORTHOPAEDIC ASSOCIATES II 925 CHESTNUT ST PHILADELPHIA,PA19107	23-2856880		25,000	RESEARCH
(29) SCIENTIFIC RESEARCH CORP 2300 WINDY RIDGE PARKWAY SUITE 400 SOUTH ATLANTA,GA30339	76-0255801		201,941	RESEARCH
(30) RESEARCH FOUNDATION FOR MENTAL HYGIENE INC 140 OLD ORANGEBURG RD ORANGEBURG,NY10962	14-1410842	501(C)(3)	57,575	RESEARCH
(31) PRESBYTERIAN MEDICAL CENTER 51 N 39TH ST PHILADELPHIA,PA19104	23-2810852	501(C)(3)	137,252	RESEARCH
(32) NEW YORK UNIVERSITY 7 E 12TH ST SEVENTH FLR NEW YORK,NY10003	13-5562308	501(C)(3)	7,082	RESEARCH
(33) REGENTS OF THE UNIVERSITY OF MICHIGAN 105 S STATE ST ANN ARBOR,MI48109	38-6006309	115	123,480	RESEARCH
(34) BATTELLE MEMORIAL INSTITUTE 505 KING AVENUE COLUMBUS,OH43260	31-4379427	501(C)(3)	31,445	RESEARCH
(35) PENNSYLVANIA STATE UNIVERSITY 408 OLD MAIN UNIVERSITY PARK,PA16802	24-6000376	115	47,874	RESEARCH
(36) TRUSTEES OF THE UNIVERSITY OF ILLINOIS 506 S WRIGHT ST URBANA,IL61801	37-6000511	115	63,888	RESEARCH
(37) EDESIGN DYNAMICS 338 WEST 39TH STREET 10TH FLOOR NEW YORK,NY10018	45-0511045		157,812	RESEARCH
(38) FRONTIER SCIENCE & TECH RESEARCH FOUNDATION 4033 MAPLE RD AMHERST,NY14226	16-1056814	501(C)(3)	640,540	RESEARCH
(39) UNIVERSITY OF MARYLAND 1103 LEE BUILDING COLLEGE PARK,MD20742	52-6002033	170(C)(1)	20,313	RESEARCH
(40) UNIVERSITY OF SOUTHERN CALIFORNIA 3500 SOUTH FIGUEROA LOS ANGELES,CA90089	95-1642394	501(C)(3)	43,561	RESEARCH
(41) PRESIDENT AND FELLOWS OF HARVARD COLLEGE 25 SHATTUCK ST CAMBRIDGE,MA02115	04-2103580	501(C)(3)	131,959	RESEARCH
(42) UNIVERSITY OF TEXAS HEALTH SCIENCE CENTER 210 STUDENT SERVICES BLDG MEMPHIS,TN37996	62-6001636	115	122,286	RESEARCH
(43) RENSSELAER POLYTECHNIC INST 110 EIGHTH STREET TROY,NY12180	14-1340095	501(C)(3)	63,656	RESEARCH
(44) RESEARCH FOUNDATION OF SUNY 402 CROFTS HALL BUFFALO,NY14260	14-1368361	501(C)(3)	56,231	RESEARCH
(45) SINAI HOSPITAL OF BALTIMORE INC 2401 WEST BELVEDERE AVENUE BALTIMORE,MD21215	52-0486540	501(C)(3)	8,478	RESEARCH
(46) TENNESSEE ORTHOPAEDIC FOUNDATION 9405 PARK WEST BLVD KNOXVILLE,TN37923	26-4245045	501(C)(3)	12,750	RESEARCH
(47) UNIVERSITY OF CONNECTICUT 233 GLENBROOK RD STORRS,CT06269	06-0772160	501(C)(3)	200,638	RESEARCH
(48) HARTZBAND CENTER FOR HIP & KNEE REPLACEMENT LLC 10 FOREST AVENUE PARAMUS,NJ07652	16-1635466		29,167	RESEARCH
(49) INDIANA UNIVERSITY PO BOX 66057 BLOOMINGTON,IN46266	35-6001673	501(C)(3)	67,065	RESEARCH
(50) VISIT PHILADELPHIA 123 S BROAD STREET PHILADELPHIA,PA19109	23-2847538	501(C)(3)	388,575	RESEARCH
(51) WIDENER UNIVERSITY ONE UNIVERSITY PLACE CHESTER,PA19013	23-1386178	501(C)(3)	51,418	RESEARCH
(52) MIRIAM HOSPITAL 593 EDDY ST PROVIDENCE,RI02903	05-0258905	501(C)(3)	21,497	RESEARCH
(53) LOYOLA UNIVERSITY OF CHICAGO 820 N MICHIGAN AVE CHICAGO,IL60611	36-1408475	501(C)(3)	10,000	AWARD
(54) AMERICAN COLLEGE OF RADIOLOGY 1818 MARKET STREET SUITE 1600 PHILADELPHIA,PA19103	36-2261602	501(C)(3)	24,243	RESEARCH
(55) BROWN UNIVERSITY CONTROLLERS OFFICE BOX J PROVIDENCE,RI02912	05-0258809	501(C)(3)	13,000	RESEARCH
(56) LINCOLN UNIVERSITY 1570 BALTIMORE PIKE PO BOX 179 LINCOLN UNIVERSITY,PA19352	23-1352655	501(C)(3)	28,464	RESEARCH
(57) RESEARCH FOR BETTER SCHOOLS INC 123 S BROAD STREET NO 1860 PHILADELPHIA,PA19109	23-6411869	501(C)(3)	37,746	RESEARCH
(58) UNIVERSITY OF WYOMING 1000 E UNIVERSITY AVE LARAMIE,WY82071	83-6000331	501(C)(3)	19,349	RESEARCH
(59) UNIVERSITY OF SOUTH CAROLINA 1629 PENDLETON ST COLUMBIA,SC29208	57-6001153	501(C)(3)	53,118	RESEARCH
(60) VISION FOR EQUALITY INC 718 ARCH STREET 6TH FLOOR NORTH PHILADELPHIA,PA19106	23-2891928	501(C)(3)	15,000	RESEARCH
(61) YALE UNIVERSITY 1305A YALE STATION NEW HAVEN,CT06520	06-0646973	501(C)(3)	445,108	RESEARCH
(62) CHILDREN'S HOSPITAL OF LOS ANGELES 4650 SUNSET BOULEVARD LOS ANGELES,CA90027	95-1690977	501(C)(3)	513,523	RESEARCH
(63) SMARTSENSYS LLC 3210 COUNTRYBEND LN CHAMPAIGN,IL61822	46-3098202	501(C)(3)	5,044	RESEARCH
(64) ARCADIA UNIVERSITY 450 S EASTON ROAD GLENSIDE,PA19038	23-1352620	501(C)(3)	11,067	RESEARCH
(65) BOARD OF REGENTS OF THE UNIVERSITY OF OKLAHOMA 401 W BROOKS NORMAN,OK73019	73-6017987	501(C)(3)	94,749	RESEARCH
(66) ENVIRONMENTAL FUEL RESEARCH LLC 102 QUAINT RD MEDIA,PA19063	46-3346685		12,218	RESEARCH
(67) GEORGE WASHINGTON UNIVERSITY 2121 EYE ST WASHINGTON,DC20052	53-0196584	501(C)(3)	40,244	RESEARCH
(68) GEORGIA STATE UNIVERSITY RESEARCH FOUNDATION INC 140 DECATUR ST ATLANTA,GA30303	58-6002050	501(C)(3)	132,805	RESEARCH
(69) HEALTH FEDERATION OF PHILADELPHIA 1211 CHESTNUT STREET SUITE 801 PHILADELPHIA,PA19107	23-2244355	501(C)(3)	31,209	RESEARCH
(70) NORTHWESTERN UNIVERSITY 633 CLARK ST EVANSTON,IL60208	36-2167817	501(C)(3)	19,864	RESEARCH
(71) PA CHAPTER OF THE AMERICAN ACADEMY OF PEDIATRICS 1400 N PROVIDENCE RD MEDIA,PA19063	23-7135840	501(C)(3)	62,823	RESEARCH
(72) NATIONAL JEWISH HEALTH 1400 JACKSON STREET DENVER,CO80217	74-2044647	501(C)(3)	14,840	RESEARCH
(73) PHILADELPHIA EDUCATION FUND 1709 BENJAMIN FRANKLIN PARKWAY PHILADELPHIA,PA19103	22-2567982	501(C)(3)	89,724	RESEARCH
(74) PPG INDUSTRIES INC 4004 FAIRVIEW INDUSTRIAL DRIVE SALEM,OR97302	25-0730780		1,091,196	RESEARCH
(75) MOTHERS IN CHARGE 1415 N BROAD ST PHILADELPHIA,PA19122	30-0185280	501(C)(3)	153,831	RESEARCH
(76) SALK INSTITUTE FOR BIOLOGICAL STUDIES 10010 N TORREY PINES ROAD LA JOLLA,CA92037	95-2160097	501(C)(3)	220,707	RESEARCH
(77) NORTHEASTERN UNIVERSITY 360 HUNTINGTON AVE BOSTON,MA02115	04-1679980	501(C)(3)	54,727	RESEARCH
(78) UNIVERSITY OF NEBRASKA AT OMAHA 6001 DODGE EAB208 OMAHA,NE68182	47-0049123	501(C)(3)	16,503	RESEARCH
(79) UNIVERSITY OF NEVADA 4505 MARYLAND PARKWAY RENO,NV89154	88-6000024	501(C)(3)	303,743	RESEARCH
(80) JEWISH HOSPITAL & ST MARY'S HEALTHCARE 201 ABRAHAM FLEXNER WAY LOUISVILLE,KY40202	61-1029768	501(C)(3)	11,106	RESEARCH
(81) UNIVERSITY OF VERMONT AND STATE AGRICULTURAL COLLEGE 30 SOUTH PARK DR BURLINGTON,VT05446	03-0179440	501(C)(3)	22,832	RESEARCH
(82) US DEPT OF AGRICULTURE 15TH INDEPENDENCE AVE WASHINGTON,DC20251	41-0696271		5,633	RESEARCH
(83) MAGEE REHABILITATION HOSPITAL 1513 RACE ST PHILADELPHIA,PA19102	23-1476328	501(C)(3)	26,503	RESEARCH
(84) TEXAS A & M UNIVERSITY 401 GEORGE BUSH DRIVE COLLEGE STATION,TX77840	74-6000531	115	167,676	RESEARCH
(85) ZOOLOGICAL SOCIETY OF SAN DIEGO 15600 SAN PASQUAL VALLEY RD SAN DIEGO,CA92027	95-1648219	501(C)(3)	13,125	RESEARCH
(86) HILLSIDE FAMILY HEALTH CLINIC 7130 BELL ST AMARILLO,TX79109	75-2894016		11,187	RESEARCH
(87) INTELLIGENT INFRASTRUCTURE SYSTEMS ONE DREXEL PLAZA 3001 MARKET ST PHILADELPHIA,PA19104	26-4757141		6,605	RESEARCH
(88) INTERNATIONAL SOCIETY FOR DISEASE SURVEILLANCE INC 26 LINCOLN ST BOSTON,MA02135	20-2805298		7,223	RESEARCH
(89) COLLEGE OF NEW JERSEY 2000 PENNINGTON ROAD GLENSIDE,NJ08618	22-2797398	501(C)(3)	15,281	RESEARCH
(90) COLORADO STATE UNIVERSITY 2002 CAMPUS DELIVERY COLUMBUS,CO80523	84-6000545	501(C)(3)	21,694	RESEARCH
(91) CORNELL UNIVERSITY PO BOX D ITHACA,NY14851	15-0532082	501(C)(3)	8,000	RESEARCH
(92) CV STARR RESEARCH FOUNDATION 41 COOPER SQUARE NEW YORK,NY10003	13-2879769	501(C)(3)	20,000	RESEARCH
(93) ELIZABETHTOWN COLLEGE ONE ALPHA DRIVE ELIZABETHTOWN,PA17022	23-1352632	501(C)(3)	15,750	RESEARCH
(94) EVERY MURDER IS REAL 57 E HAINES ST PHILADELPHIA,PA19144	23-2990505	501(C)(3)	24,539	RESEARCH
(95) FRANKLIN & MARSHALL COLLEGE 625 COLLEGE AVENUE LANCASTER,PA17604	23-1352635	501(C)(3)	41,557	RESEARCH

Enter total number of section 501(c)(3) and government organizations listed in the line 1 table ................. Bullet Image

Enter total number of other organizations listed in the line 1 table ........................ . Bullet Image

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50055P

Schedule I (Form 990) 2015

Page 2

Part III

Grants and Other Assistance to Domestic Individuals. Complete if the organization answered "Yes" on Form 990, Part IV, line 22.
Part III can be duplicated if additional space is needed.

(a) Type of grant or assistance	(b) Number of recipients	(c) Amount of cash grant	(d) Amount of non-cash assistance	(e) Method of valuation (book, FMV, appraisal, other)	(f) Description of non-cash assistance

(1) SCHOLARSHIPS	22322	308,675,378
(2) AWARDS	244	165,913
(3) FELLOWSHIPS	108	3,002,074
(3)
(4)
(5)
(6)
(7)

Part IV

Supplemental Information. Provide the information required in Part I, line 2, Part III, column (b), and any other additional information.

Return Reference	Explanation
PART I, LINE 2:	THE PRINCIPAL INVESTIGATOR HAVING RESPONSIBILITY FOR THE GRANT MONITORS SUBCONTRACTOR PERFORMANCE BASED ON THE PROGRAM'S TASKS AND GOALS. THE PRINCIPAL INVESTIGATOR REVIEWS THE PERFORMANCE BEFORE AUTHORIZING THE SUBCONTRACTOR'S INVOICE FOR PAYMENT.

Schedule I (Form 990) 2015

Additional Data

Software ID:
Software Version:

- TIN:

Schedule J
(Form 990)

Department of the Treasury
Internal Revenue Service

Compensation Information

For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet

Complete if the organization answered "Yes" on Form 990, Part IV, line 23.
SchJMediumBullet

Attach to Form 990.
SchJMediumBullet

Information about Schedule J (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public Inspection

Name of the organization

DREXEL UNIVERSITY

Employer identification number

23-1352630

Part I

Questions Regarding Compensation

Yes

Check the appropiate box(es) if the organization provided any of the following to or for a person listed on Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.

First-class or charter travel Housing allowance or residence for personal use

Travel for companions Payments for business use of personal residence

Tax idemnification and gross-up payments Health or social club dues or initiation fees

Discretionary spending account Personal services (e.g., maid, chauffeur, chef)

If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement or provision of all of the expenses described above? If "No," complete Part III to explain .........

Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
directors, trustees, officers, including the CEO/Executive Director, regarding the items checked in line 1a? ..

Yes

Indicate which, if any, of the following the filing organization used to establish the compensation of the
organization's CEO/Executive Director. Check all that apply. Do not check any boxes for methods
used by a related organization to establish compensation of the CEO/Executive Director, but explain in Part III.

Compensation committee Written employment contract

Independent compensation consultant Compensation survey or study

Form 990 of other organizations Approval by the board or compensation committee

During the year, did any person listed on Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:

Receive a severance payment or change-of-control payment? ................

Yes

Participate in, or receive payment from, a supplemental nonqualified retirement plan? .........

Yes

Participate in, or receive payment from, an equity-based compensation arrangement? .........

If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.

Only 501(c)(3), 501(c)(4), and 501(c)(29) organizations must complete lines 5-9.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:

The organization? ...........................

Yes

Any related organization?

If "Yes," on line 5a or 5b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:

The organization?

Any related organization? .........................

If "Yes," on line 6a or 6b, describe in Part III.

For persons listed on Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............

Were any amounts reported on Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regulations section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................

If "Yes" on line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50053T

Schedule J (Form 990) 2015

Page 2

Part II

Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use duplicate copies if additional space is needed.

For each individual whose compensation must be reported on Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions, on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.
Note. The sum of columns (B)(i)-(iii) for each listed individual must equal the total amount of Form 990, Part VII, Section A, line 1a, applicable column (D) and (E) amounts for that individual.

(A) Name and Title		(B) Breakdown of W-2 and/or 1099-MISC compensation			(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)	(F) Compensation in column(B) reported as deferred on prior Form 990
(A) Name and Title		(i) Base compensation	(ii) Bonus & incentive compensation	(iii) Other reportable compensation	(C) Retirement and other deferred compensation	(D) Nontaxable benefits	(E) Total of columns (B)(i)-(D)
1JOHN A FRYPRESIDENT	(i) (ii)	758,207 ------------- 0	240,000 ------------- 0	901,130 ------------- 0	312,924 ------------- 0	14,577 ------------- 0	2,226,838 ------------- 0	425,150 ------------- 0
2MICHAEL J EXLER ESQSECRETARY	(i) (ii)	355,117 ------------- 0	70,000 ------------- 0	0 ------------- 0	29,150 ------------- 0	15,768 ------------- 0	470,035 ------------- 0	0 ------------- 0
3HELEN Y BOWMANEXECUTIVE VP/TREASURER/COO	(i) (ii)	571,102 ------------- 0	125,000 ------------- 0	0 ------------- 0	23,850 ------------- 0	15,768 ------------- 0	735,720 ------------- 0	0 ------------- 0
4JAMES R TUCKERSVP ADMINISTRATIVE & BUSINESS SERVIC	(i) (ii)	387,164 ------------- 0	80,000 ------------- 0	476,474 ------------- 0	29,150 ------------- 0	696 ------------- 0	973,484 ------------- 0	0 ------------- 0
5DONNA MURASKO PHDDEAN, COLLEGE OF ARTS & SCIENCES	(i) (ii)	351,956 ------------- 0	0 ------------- 0	676 ------------- 0	29,150 ------------- 0	12,324 ------------- 0	394,106 ------------- 0	0 ------------- 0
6BRIAN T KEECHSVP GOVERNMENT & COMMUNITY RELATIONS	(i) (ii)	249,872 ------------- 0	40,000 ------------- 0	25,180 ------------- 0	23,850 ------------- 0	15,760 ------------- 0	354,662 ------------- 0	0 ------------- 0
7LORI N DOYLESVP UNIVERSITY COMMUNICATIONS	(i) (ii)	328,695 ------------- 0	0 ------------- 0	9,281 ------------- 0	26,490 ------------- 0	15,736 ------------- 0	380,202 ------------- 0	0 ------------- 0
8JOSEPH B HUGHESDEAN, COLLEGE OF ENGINEERING	(i) (ii)	346,297 ------------- 0	30,000 ------------- 0	0 ------------- 0	29,150 ------------- 0	14,521 ------------- 0	419,968 ------------- 0	0 ------------- 0
9KEITH A ORRISSVP CORPORATE RELATIONS & ECONOMIC D	(i) (ii)	349,052 ------------- 0	0 ------------- 0	695 ------------- 0	29,150 ------------- 0	12,324 ------------- 0	391,221 ------------- 0	0 ------------- 0
10DANIEL V SCHIDLOWDEAN AND SVP, MEDICAL AFFAIRS, COLLE	(i) (ii)	620,502 ------------- 0	80,000 ------------- 0	9,026 ------------- 0	29,150 ------------- 0	1,313 ------------- 0	739,991 ------------- 0	0 ------------- 0
11JAMES HERBERT 712015-7312015INTERIM PROVOST	(i) (ii)	338,151 ------------- 0	80,000 ------------- 0	0 ------------- 0	29,150 ------------- 0	15,768 ------------- 0	463,069 ------------- 0	0 ------------- 0
12SUSAN C ALDRIDGESVP,ONLINE LEARNING & PRESIDENT,DUO	(i) (ii)	361,140 ------------- 0	125,000 ------------- 0	0 ------------- 0	29,150 ------------- 0	7,906 ------------- 0	523,196 ------------- 0	0 ------------- 0
13RANDALL C DEIKESVP, ENROLLMENT MGMT & STUDENT SUCCE	(i) (ii)	502,155 ------------- 0	0 ------------- 0	0 ------------- 0	54,150 ------------- 0	6,440 ------------- 0	562,745 ------------- 0	0 ------------- 0
14M BRIAN BLAKE 8115-PRESENTPROVOST & EXEC VP ACADEMIC AFFAIRS	(i) (ii)	236,835 ------------- 0	57,500 ------------- 0	73,319 ------------- 0	17,250 ------------- 0	6,512 ------------- 0	391,416 ------------- 0	0 ------------- 0
15DAVID L UNRUHSVP, INSTITUTIONAL ADVANCEMENT	(i) (ii)	446,532 ------------- 0	0 ------------- 0	0 ------------- 0	63,850 ------------- 0	15,768 ------------- 0	526,150 ------------- 0	0 ------------- 0
16D SCOTT LINDCHAIRMAN OF THE DEPARTMENT OF SURGER	(i) (ii)	437,233 ------------- 0	0 ------------- 0	560,000 ------------- 0	29,150 ------------- 0	13,362 ------------- 0	1,039,745 ------------- 0	0 ------------- 0
17LYDIA KOMARNICKY-KOCHERPROFESSOR AND CHAIR OF RADIATION ONC	(i) (ii)	509,869 ------------- 0	0 ------------- 0	0 ------------- 0	29,150 ------------- 0	14,577 ------------- 0	553,596 ------------- 0	0 ------------- 0
18GLENN LAUBCHAIRMAN OF CARDIOTHORACIC CONTROL	(i) (ii)	629,164 ------------- 0	0 ------------- 0	0 ------------- 0	29,150 ------------- 0	15,768 ------------- 0	674,082 ------------- 0	0 ------------- 0
19JAMES FLINTATHLETICS HEAD COACH	(i) (ii)	544,926 ------------- 0	0 ------------- 0	1,310 ------------- 0	29,150 ------------- 0	15,768 ------------- 0	591,154 ------------- 0	0 ------------- 0
20JOHN BIELECVP, INFORMATION RESOURCES & TECHNOLO	(i) (ii)	124,753 ------------- 0	0 ------------- 0	435,883 ------------- 0	3,056 ------------- 0	105 ------------- 0	563,797 ------------- 0	0 ------------- 0
21MARK GREENBERGFORMER PROVOST AND SVP, ACADEMIC AFF	(i) (ii)	462,587 ------------- 0	0 ------------- 0	0 ------------- 0	29,150 ------------- 0	15,768 ------------- 0	507,505 ------------- 0	0 ------------- 0
22PETER FRISKOFORMER INTERIM SVP, INSTITUTIONAL AD	(i) (ii)	135,801 ------------- 0	0 ------------- 0	302,371 ------------- 0	12,413 ------------- 0	3,953 ------------- 0	454,538 ------------- 0	0 ------------- 0

Schedule J (Form 990) 2015

Page 3

Part III

Supplemental Information

Provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 3, 4a, 4b, 4c, 5a, 5b, 6a, 6b, 7, and 8, and for Part II. Also complete this part for any additional information.

Return Reference	Explanation
PART I, LINE 1A	UNIVERSITY POLICY AUTHORIZES BUSINESS OR FIRST-CLASS TRAVEL FOR ALL EMPLOYEES WHEN FLIGHTS EXCEED FIVE HOURS IN DURATION WITH THE APPROPRIATE APPROVAL IN ADVANCE. ON AN INFREQUENT BASIS, THE PRESIDENT'S SPOUSE MAY TRAVEL WITH THE PRESIDENT FOR BUSINESS REASONS WHEN FULFILLING OBLIGATIONS OF HER UNIVERSITY POSITION. THE PRESIDENT IS PROVIDED HOUSING AS A CONDITION OF EMPLOYMENT AND FOR THE CONVENIENCE OF THE UNIVERSITY. PERSONAL SERVICES FOR MAID/CLEANING SERVICES ARE PROVIDED FOR THE HOUSE AS UNIVERSITY RELATED EVENTS AND ACTIVITIES ARE HELD AT THE RESIDENCE. THE PRESIDENT IS ALSO PROVIDED A DRIVER TO ATTEND UNIVERSITY RELATED EVENTS. THE PRESIDENT RECEIVES SOCIAL CLUB MEMBERSHIPS FOR BUSINESS-RELATED ACTIVITIES. SOCIAL CLUB DUES FOR BUSINESS-RELATED ACTIVITIES WERE PROVIDED FOR SENIOR VICE PRESIDENTS AND DEANS WHICH ARE TREATED AS NON-TAXABLE COMPENSATION.
PART I, LINE 1B	HOUSING ALLOWANCES AND SOCIAL CLUB MEMBERSHIPS WERE APPROVED BY THE PRESIDENT OR PROVOST.
PART I, LINES 4A-B	IN RECOGNITION OF AND CONSIDERATION FOR THE GOODS AND VALUABLE SERVICES MR. FRY HAS PROVIDED, AND WILL CONTINUE TO PROVIDE, TO THE UNIVERSITY DURING HIS EMPLOYMENT, THE UNIVERSITY AGREES TO PROVIDE MR. FRY WITH CERTAIN SUPPLEMENTAL RETIREMENT AND DEATH BENEFITS, EFFECTIVE AS OF JULY 1, 2012. MR. FRY'S ACCOUNT SHALL BE CREDITED WITH AN ALLOCATION BY THE UNIVERSITY IN THE FALL OF EACH YEAR (AND NOT LATER THAN DECEMBER 15), BEGINNING IN THE FALL OF 2013, AND ENDING IN THE FALL OF 2020, IN ACCORDANCE WITH THE FOLLOWING FORMULA. THE ALLOCATION FOR EACH YEAR SHALL BE CONDITIONED ON MR. FRY'S CONTINUED EMPLOYMENT THROUGH THE END OF THE FISCAL YEAR ENDING ON THE IMMEDIATELY PRECEDING JUNE 30 (OR UPON THE DATE OF DEATH, TOTAL DISABILITY, OR INVOLUNTARY TERMINATION, IF EARLIER). THE FORMULA IS 11% OF THE SUM OF MR. FRY'S PAID COMPENSATION (BASE SALARY AND ANNUAL PERFORMANCE BONUS (IF ANY)) FOR THE FISCAL YEAR ENDING ON THE IMMEDIATELY PRECEDING JUNE 30 THAT IS IN EXCESS OF THE COMPENSATION LIMIT UNDER SECTION 401(A)(17) OF THE INTERNAL REVENUE CODE AS IN EFFECT DURING SUCH PERIOD IN DETERMINING THE MAXIMUM COMPENSATION UNDER THE UNIVERSITY'S PENSION PLAN. PETER FRISKO, SVP INSTITUTIONAL ADVANCEMENT, AND DREXEL UNIVERSITY AGREED THAT MR. FRISKO'S EMPLOYMENT WITH THE UNIVERSITY ENDED EFFECTIVE AS OF THE CLOSE OF BUSINESS ON JUNE 30, 2015. MR. FRISKO WAS PAID FOR ALL WORK PERFORMED UP THROUGH THE SEPARATION DATE AS WELL AS RECEIVED PAYMENT OF ANY ACCRUED BUT UNUSED VACATION DAYS IN ACCORDANCE WITH THE UNIVERSITY'S POLICY. IN ADDITION, A ONE-TIME LUMP SUM PAYMENT IN THE TOTAL GROSS AMOUNT OF $275,847 WILL BE MADE ON OR AFTER THE 8TH DAY FROM THE SEPARATION DATE. JAMES TUCKER, SVP ADMINISTRATIVE & BUSINESS SERVICES, AND DREXEL UNIVERSITY AGREED THAT MR. TUCKER'S EMPLOYMENT WITH THE UNIVERSITY ENDED EFFECTIVE AS OF THE CLOSE OF BUSINESS ON DECEMBER 31, 2015. MR. TUCKER WAS PAID FOR ALL WORK PERFORMED UP THROUGH THE SEPARATION DATE AS WELL AS RECEIVE PAYMENT OF ANY ACCRUED BUT UNUSED VACATION DAYS IN ACCORDANCE WITH THE UNIVERSITY'S POLICY. MR. TUCKER WAS PROVIDED WITH A TWELVE MONTH SEVERANCE PAYMENT IN THE TOTAL GROSS ANNUALIZED AMOUNT OF $382,418 PAYABLE ON JUNE 30, 2015. FOLLOWING THE DECEMBER 31, 2015 RETIREMENT DATE, MR. TUCKER RECEIVED AN ADDITIONAL SIX MONTH SEVERANCE PAYMENT IN THE AMOUNT OF $191,209 AND SICK LEAVE BALANCE UP TO 35 DAYS, PAYABLE ON JANUARY 31, 2016. ON NOVEMBER 11, 2015, DR. DAVID SCOTT LIND, MD RESIGNED FROM HIS POSITION AS PROFESSOR AND CHAIR OF THE DEPARTMENT OF SURGERY. A SEPARATION AGREEMENT WAS MADE BETWEEN DR. LIND AND THE UNIVERSITY AND A CHECK REPRESENTING LOST WAGES IN THE GROSS AMOUNT OF $560,000 WAS MADE PAYABLE TO DR. LIND WITHIN 20 DAYS AFTER THE EXPIRATION OF THE REVOCATION PERIOD. JOHN BIELEC, VP INFORMATION RESOURCES & TECHNOLOGY, AND DREXEL UNIVERSITY AGREED THAT MR. BIELEC'S EMPLOYMENT WITH THE UNIVERSITY ENDED EFFECTIVE AS OF THE CLOSE OF BUSINESS ON JANUARY 31, 2015. MR. BIELEC WAS PAID FOR ALL WORK PERFORMED UP THROUGH THE SEPARATION DATE AS WELL AS RECEIVE PAYMENT OF ANY ACCRUED BUT UNUSED VACATION DAYS IN ACCORDANCE WITH THE UNIVERSITY'S POLICY. MR. BIELEC WAS PROVIDED WITH A SEVERANCE PAYMENT IN THE TOTAL GROSS AMOUNT OF $333,399 PAYABLE ON OR AFTER THE 8TH DAY FROM THE RETIREMENT DATE. A LUMP SUM PAYMENT IN THE AMOUNT OF $25,544 WAS ALSO PAID TO MR. BIELEC. MARK GREENBERG RESIGNED FROM HIS POSITION AS SVP AND PROVOST AND BEGAN A (1)-YEAR SABBATICAL ON SEPTEMBER 1, 2014. MR. GREENBERG CONTINUED TO RECEIVE HIS FULL FY14 SALARY PLUS FY15 MERIT INCREASE THROUGH THE END OF THE (1)-YEAR SABBATICAL LEAVE. MR. GREENBERG RETURNED ON SEPTEMBER 1, 2015 AS A MEMBER OF THE FACULTY AND GIVEN THE TITLE PROVOST EMERITUS AND DISTINGUISHED UNIVERSITY PROFESSOR.
PART I, LINE 5	THE MEDICAL SCHOOL HAS AN INCENTIVE COMPENSATION PLAN DEVELOPED FOR THE BASIC SCIENCE DEPARTMENTS AND CLINICAL SCIENCE DEPARTMENTS. THE INCENTIVE PLAN THAT IS DEVELOPED FOR EACH DEPARTMENT IS BASED ON AN APPROVED BUDGET TARGET. IF THE DEPARTMENT MEETS THE APPROVED BUDGET TARGET (EITHER THROUGH ADDITIONAL REVENUE OR DECREASED EXPENSES), FOR EACH DOLLAR ABOVE BUDGET PERFORMANCE 50% IS ADDED TO THE DEPARTMENT'S INCENTIVE POOL. EACH DEPARTMENT DEVELOPS AN INDIVIDUALIZED INCENTIVE DISTRIBUTION PLAN FOR THEIR SPECIFIC DEPARTMENT (EACH DEPARTMENT CAN HAVE DIFFERENT CRITERIA). THESE PLANS CAN BE BASED ON DIFFERENT CRITERIA THAT COULD INCLUDE CLINICAL PRODUCTIVITY, RESEARCH PRODUCTIVITY, EDUCATIONAL ACTIVITY, PUBLICATIONS, ATTENDING MEETINGS, ETC. THE DEPARTMENTS CAN UTILIZE MULTIPLE CRITERIA OR JUST ONE IN DETERMINING HOW BONUSES FROM THE INCENTIVE POOL WILL BE AWARDED. THESE PLANS ARE SUBMITTED TO THE FINANCE DEPARTMENT AND THE DEAN OF THE COLLEGE FOR REVIEW AND APPROVAL FOR THE NEXT FISCAL YEAR AS PART OF THE DEPARTMENT'S ANNUAL BUDGET SUBMISSION. THE INCENTIVE COMPENSATION PLAN IS INTENDED TO INCENTIVIZE IMPROVEMENT IN BOTH INDIVIDUAL AND OVERALL DEPARTMENTAL PERFORMANCE AND TO PROMOTE THE COLLEGE'S LONG-TERM GOAL OF HAVING TOTAL FACULTY COMPENSATION (SALARY PLUS INCENTIVE BONUS) REACH THE 50TH PERCENTILE OF AMERICAN ASSOCIATION OF MEDICAL COLLEGES' ANNUAL FACULTY COMPENSATION SURVEY. AN INDIVIDUAL FACULTY MEMBER'S INCENTIVE BONUS IS DEVELOPED BY THE DEPARTMENT'S CHAIR. THE DEAN OF THE COLLEGE REVIEWS AND APPROVES EACH DEPARTMENT'S INCENTIVE PLAN AND ACTUAL INCENTIVE POOL DISTRIBUTIONS FOR EACH FACULTY MEMBER. ADMINISTRATIVE BONUSES FOR OFFICERS AND KEY EMPLOYEES OF THE MEDICAL SCHOOL ARE DEVELOPED SIMILAR TO THE INDIVIDUAL DEPARTMENT PLANS IN THAT THEY ARE SPECIFIC TO THE INDIVIDUAL AND CAN BE BASED ON MULTIPLE CRITERIA FOR THEIR SPECIFIC POSITION. THESE BONUSES ARE ESTABLISHED BY THE DEAN OF THE COLLEGE.
SCHEDULE J, PART II:	THE UNIVERSITY WILL PROVIDE JOHN FRY WITH DEFERRED COMPENSATION. THE UNIVERSITY SHALL CREDIT MR. FRY WITH $200,000 ON JUNE 30, 2016, AND ON EACH FOLLOWING JUNE 30 THROUGH 2020 WHILE HE REMAINS EMPLOYED BY THE UNIVERSITY AS PRESIDENT AND CHIEF EXECUTIVE OFFICER. THE AMOUNT SO CREDITED SHALL ALSO BE CREDITED WITH EARNINGS, GAINS, AND LOSSES BASED ON DEEMED INVESTMENT OPTIONS SELECTED IN ADVANCE BY MR. FRY, SHALL OCCUR ON JUNE 30, 2020, PROVIDED MR. FRY IS EMPLOYED BY THE UNIVERSITY ON THAT DATE. IN THE EVENT MR. FRY'S EMPLOYMENT WITH THE UNIVERSITY IS TERMINATED PRIOR TO JUNE 30, 2020 ON ACCOUNT OF DEATH, DISABILITY, NON-RENEWAL OF THIS AGREEMENT BY THE UNIVERSITY, OR TERMINATION OF HIS EMPLOYMENT BY THE UNIVERSITY OTHER THAN FOR CAUSE, OR HIS RESIGNATION FOR GOOD REASON, THE DEFERRED COMPENSATION, AS ADJUSTED FOR EARNINGS, GAINS AND LOSSES, SHALL BECOME VESTED AND PAYABLE UPON HIS TERMINATION OF EMPLOYMENT. IN THE EVENT MR. FRY VOLUNTARILY TERMINATES HIS EMPLOYMENT WITHOUT GOOD REASON WITH THE UNIVERSITY PRIOR TO JUNE 30, 2020, OR THE UNIVERSITY TERMINATES MR. FRY'S EMPLOYMENT FOR CAUSE, THE DEFERRED COMPENSATION SHALL BE FORFEITED. THE UNIVERSITY PAID JOHN FRY DEFERRED COMPENSATION OF $542,454 ON AUGUST 1, 2015, PER A DEFERRED COMPENSATION AGREEMENT THAT BEGAN ON JULY 31, 2011. MR. FRY HAD BEEN CREDITED $100,000 ON JULY 31, 2011 AND ON EACH FOLLOWING JULY 31 THROUGH 2015. IN ADDITION, THE DEFERRED COMPENSATION WAS CREDITED WITH EARNINGS BASED ON INVESTMENT OPTIONS SELECTED BY MR. FRY. MR. FRY BECAME FULLY VESTED IN THE DEFERRED COMPENSATION ON JULY 31, 2015 AND PAYMENT WAS MADE PER THE AGREEMENT. THE UNIVERSITY WILL PROVIDE RANDY DEIKE WITH A DEFERRED COMPENSATION ARRANGEMENT. ON EACH SEPTEMBER 1, BEGINNING SEPTEMBER 1, 2015, AND ENDING SEPTEMBER 1, 2019, THE UNIVERSITY WILL CREDIT $25,000, PLUS INTEREST ACCRUED IF HE REMAINS EMPLOYED WITH THE UNIVERSITY. MR. DEIKE WILL BECOME FULLY VESTED IN THE BALANCE OF THE DEFERRED COMPENSATION UPON THE EARLIEST OF THE FOLLOWING: (I) SEPTEMBER 1, 2019, (II) HIS VOLUNTARY TERMINATION BY THE UNIVERSITY FOR ANY REASON OTHER THAN CAUSE, (III) DEATH, OR (IV) TERMINATION DUE TO TOTAL AND PERMANENT DISABILITY. IF MR. DEIKE RESIGNS OR IS TERMINATED FOR CAUSE BEFORE THE ACCOUNT IS VESTED, THE ENTIRE ACCOUNT WILL BE FORFEITED. THE UNIVERSITY WILL PROVIDE DAVID UNRUH WITH A DEFERRED COMPENSATION ARRANGEMENT. ON EACH JULY 1, BEGINNING JULY 1, 2015, AND ENDING JULY 1, 2019, THE UNIVERSITY WILL CREDIT $40,000, PLUS INTEREST ACCRUED IF HE REMAINS EMPLOYED WITH THE UNIVERSITY. MR. UNRUH WILL BECOME FULLY VESTED IN THE BALANCE OF THE DEFERRED COMPENSATION UPON THE EARLIEST OF THE FOLLOWING: (I) JULY 1, 2019, (II) HIS VOLUNTARY TERMINATION BY THE UNIVERSITY FOR ANY REASON OTHER THAN CAUSE, (III) DEATH, OR (IV) TERMINATION DUE TO TOTAL AND PERMANENT DISABILITY. IF MR. UNRUH RESIGNS OR IS TERMINATED FOR CAUSE BEFORE THE ACCOUNT IS VESTED, THE ENTIRE ACCOUNT WILL BE FORFEITED.

Schedule J (Form 990) 2015

Additional Data

Software ID:
Software Version:

- TIN:

Schedule K
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information on Tax Exempt Bonds

Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet

Attach to Form 990.
SchKMediumBullet

Information about Schedule K (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization
DREXEL UNIVERSITY

Employer identification number
23-1352630

Part I

Bond Issues

(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	(g) Defeased		(h) On behalf of issuer		(i) Pool financing
(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	Yes	No	Yes	No	Yes	No
A	PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2012	23-2243852	70917SCB7	11-01-2012	33,242,964	REFUNDING OF 2002 SERIES A AND SERIES 2003		X		X		X
B	PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2011A	23-2243852	70917RX75	05-16-2011	160,304,025	NEW CONSTR/BLDG RENOV/REFUNDING OF 1997, 1998, 1998-2, 2003B		X		X		X
C	PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2007B	23-2243852	70917RNP6	10-04-2007	30,000,000	SCIENCE BLDG/DORMITORY/WELLNESS CENTER		X		X		X
D	PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2007A	23-2243852	70917RMJ1	10-04-2007	96,463,410	SCIENCE BLDG/DORMITORY/WELLNESS CENTER		X		X		X
	PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2007	23-2243852	70917RMX0	10-04-2007	22,869,658	CAPITAL IMPROVEMENTS/REFUND TAXABLE LOAN		X		X		X
	PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2005A&B	23-2243852	70917N3B8	02-16-2005	61,312,145	CAPITAL IMPROVEMENT/EQUIPMENT/ADV REFUNDING OF 1997/1999 BONDS		X		X		X

Part II

Proceeds

	A		B		C		D
	1 Amount of bonds retired ..................	9,645,000		14,085,000		4,365,000
2 Amount of bonds legally defeased ..............
3 Total proceeds of issue ..................	33,242,964		161,954,495		30,572,813		98,251,163
4 Gross proceeds in reserve funds .............	1,490,863
5 Capitalized interest from proceeds .............	1,958,579				2,700,000		9,022,947
6 Proceeds in refunding escrows ...............
7 Issuance costs from proceeds ...............	415,332		1,386,270		285,425		835,415
8 Credit enhancement from proceeds .............	298,000		879,260		11,508		1,529,000
9 Working capital expenditures from proceeds .............
10 Capital expenditures from proceeds .............	9,531,086		101,469,764		27,483,553		86,701,839
11 Other spent proceeds .............	32,827,632		59,095,696
12 Other unspent proceeds .............
13 Year of substantial completion .............	2013		2014		2012		2012
	Yes	No	Yes	No	Yes	No	Yes	No
14 Were the bonds issued as part of a current refunding issue? ....	X		X			X		X
15 Were the bonds issued as part of an advance refunding issue? .....		X		X		X		X
16 Has the final allocation of proceeds been made? ..........	X		X		X		X
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? ..................	X		X		X		X

Part III

Private Business Use

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? .............		X		X		X		X
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............	X		X			X		X

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50193E

Schedule K (Form 990) 2015

Page 2

Part III

Private Business Use (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
3a Are there any management or service contracts that may result in private business use of bond-financed property? .............	X		X			X		X
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?	X		X
c Are there any research agreements that may result in private business use of bond-financed property? .............		X		X	X		X
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?				X		X		X
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government ....			0.100 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government .........			0.100 %
6 Total of lines 4 and 5 .............			0.200 %
7 Does the bond issue meet the private security or payment test? ...		X		X		X		X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............		X		X		X		X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under Regulations sections 1.141-12 and 1.145-2? ........	X		X		X		X

Part IV

Arbitrage

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...		X		X		X		X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......		X		X		X		X
b Exception to rebate? ........	X			X		X		X
c No rebate due? .........	X		X		X		X
If "Yes" to line 2c, provide in Part VI the date the rebate computation was performed ......
3 Is the bond issue a variable rate issue? .....		X		X	X			X
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?		X		X		X		X
b Name of provider ..........			WELLS FARGO BANK
c Term of hedge .........			1980.0000000000 %
d Was the hedge superintegrated? ......				X
e Was the hedge terminated? ........				X

Schedule K (Form 990) 2015

Page 3

Part IV

Arbitrage (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?		X		X		X		X
b Name of provider ..........			ROYAL BANK OF CANADA
c Term of GIC .........			250.0000000000 %
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........			X
6 Were any gross proceeds invested beyond an available temporary period?		X		X		X		X
7 Has the organization established written procedures to monitor the requirements of section 148? ...	X		X		X		X

Part V

Procedures To Undertake Corrective Action

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations?	X		X		X		X

Part VI

Supplemental Information. Provide additional information for responses to questions on Schedule K (see instructions).

Return Reference

Explanation

SCHEDULE K SUPPLENTAL INFORMATION

PART II, LINE 3, COLUMN A: THE TOTAL PROCEEDS EXCEED THE ISSUE PRICE BY THE INVESTMENT EARNINGS ON THE PROJECT FUND PART II, LINE 11, COLUMNS A & B: THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE PART IV, LINE 2C, COLUMN A: THE FINAL REBATE REPORT WAS COMPLETED ON 6/7/2013 PART IV, LINE 2C, COLUMN B: THE FINAL REBATE REPORT WAS COMPLETED ON 6/5/2013, WHICH WAS DETERMINED THE ISSUE MET THE 6 MONTH SPENDING EXCEPTION PART IV, LINE 2C, COLUMN C: THE FINAL REBATE REPORT WAS COMPLETED ON 8/16/2012 PART IV, LINE 2C, COLUMN D: THE FINAL REBATE REPORT WAS COMPLETED ON 09/20/2010 PART II, LINE 3: THE TOTAL PROCEEDS EXCEED THE ISSUE PRICE BY THE INVESTMENT EARNINGS ON THE PROJECT FUND PART II, LINE 11, COLUMNS A & B: THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE PART IV, LINE 2C, COLUMN A: A REBATE CALCULATION WAS PERFORMED AS OF 10/01/2015 PART IV, LINE 2C, COLUMN B: THE FINAL REBATE REPORT WAS PERFORMED AS OF 08/16/2012

Schedule K (Form 990) 2015

Additional Data

Software ID:
Software Version:

- TIN:

Schedule K
(Form 990)

Department of the Treasury
Internal Revenue Service

Supplemental Information on Tax Exempt Bonds

Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Part VI.
SchKMediumBullet

Attach to Form 990.
SchKMediumBullet

Information about Schedule K (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization
DREXEL UNIVERSITY

Employer identification number
23-1352630

Part I

Bond Issues

(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	(g) Defeased		(h) On behalf of issuer		(i) Pool financing
(a) Issuer name		(b) Issuer EIN	(c) CUSIP #	(d) Date issued	(e) Issue price	(f) Description of purpose	Yes	No	Yes	No	Yes	No
A	PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2012	23-2243852	70917SCB7	11-01-2012	33,242,964	REFUNDING OF 2002 SERIES A AND SERIES 2003		X		X		X
B	PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2011A	23-2243852	70917RX75	05-16-2011	160,304,025	NEW CONSTR/BLDG RENOV/REFUNDING OF 1997, 1998, 1998-2, 2003B		X		X		X
C	PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2007B	23-2243852	70917RNP6	10-04-2007	30,000,000	SCIENCE BLDG/DORMITORY/WELLNESS CENTER		X		X		X
D	PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2007A	23-2243852	70917RMJ1	10-04-2007	96,463,410	SCIENCE BLDG/DORMITORY/WELLNESS CENTER		X		X		X
	PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2007	23-2243852	70917RMX0	10-04-2007	22,869,658	CAPITAL IMPROVEMENTS/REFUND TAXABLE LOAN		X		X		X
	PENNSYLVANIA HIGHER EDUCATIONAL FACILITIES AUTHORITY 2005A&B	23-2243852	70917N3B8	02-16-2005	61,312,145	CAPITAL IMPROVEMENT/EQUIPMENT/ADV REFUNDING OF 1997/1999 BONDS		X		X		X

Part II

Proceeds

	A		B		C		D
	1 Amount of bonds retired ..................	9,645,000		14,085,000		4,365,000
2 Amount of bonds legally defeased ..............
3 Total proceeds of issue ..................	33,242,964		161,954,495		30,572,813		98,251,163
4 Gross proceeds in reserve funds .............	1,490,863
5 Capitalized interest from proceeds .............	1,958,579				2,700,000		9,022,947
6 Proceeds in refunding escrows ...............
7 Issuance costs from proceeds ...............	415,332		1,386,270		285,425		835,415
8 Credit enhancement from proceeds .............	298,000		879,260		11,508		1,529,000
9 Working capital expenditures from proceeds .............
10 Capital expenditures from proceeds .............	9,531,086		101,469,764		27,483,553		86,701,839
11 Other spent proceeds .............	32,827,632		59,095,696
12 Other unspent proceeds .............
13 Year of substantial completion .............	2013		2014		2012		2012
	Yes	No	Yes	No	Yes	No	Yes	No
14 Were the bonds issued as part of a current refunding issue? ....	X		X			X		X
15 Were the bonds issued as part of an advance refunding issue? .....		X		X		X		X
16 Has the final allocation of proceeds been made? ..........	X		X		X		X
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? ..................	X		X		X		X

Part III

Private Business Use

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? .............		X		X		X		X
2 Are there any lease arrangements that may result in private business use of bond-financed property? ...............	X		X			X		X

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50193E

Schedule K (Form 990) 2015

Page 2

Part III

Private Business Use (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
3a Are there any management or service contracts that may result in private business use of bond-financed property? .............	X		X			X		X
b If "Yes" to line 3a, does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts relating to the financed property?	X		X
c Are there any research agreements that may result in private business use of bond-financed property? .............		X		X	X		X
d If "Yes" to line 3c, does the organization routinely engage bond counsel or other outside counsel to review any research agreements relating to the financed property?				X		X		X
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government ....			0.100 %
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government .........			0.100 %
6 Total of lines 4 and 5 .............			0.200 %
7 Does the bond issue meet the private security or payment test? ...		X		X		X		X
8a Has there been a sale or disposition of any of the bond-financed property to a nongovernmental person other than a 501(c)(3) organization since the bonds were issued?.............		X		X		X		X
b If "Yes" to line 8a, enter the percentage of bond-financed property sold or disposed of. ..
c If "Yes" to line 8a, was any remedial action taken pursuant to Regulations sections 1.141-12 and 1.145-2? .............
9 Has the organization established written procedures to ensure that all nonqualified bonds of the issue are remediated in accordance with the requirements under Regulations sections 1.141-12 and 1.145-2? ........	X		X		X		X

Part IV

Arbitrage

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
1 Has the issuer filed Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate? ...		X		X		X		X
2 If "No" to line 1, did the following apply? ....
a Rebate not due yet? .......		X		X		X		X
b Exception to rebate? ........	X			X		X		X
c No rebate due? .........	X		X		X		X
If "Yes" to line 2c, provide in Part VI the date the rebate computation was performed ......
3 Is the bond issue a variable rate issue? .....		X		X	X			X
4a Has the organization or the governmental issuer entered into a qualified hedge with respect to the bond issue?		X		X		X		X
b Name of provider ..........			WELLS FARGO BANK
c Term of hedge .........			1980.0000000000 %
d Was the hedge superintegrated? ......				X
e Was the hedge terminated? ........				X

Schedule K (Form 990) 2015

Page 3

Part IV

Arbitrage (Continued)

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
5a Were gross proceeds invested in a guaranteed investment contract (GIC)?		X		X		X		X
b Name of provider ..........			ROYAL BANK OF CANADA
c Term of GIC .........			250.0000000000 %
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? ........			X
6 Were any gross proceeds invested beyond an available temporary period?		X		X		X		X
7 Has the organization established written procedures to monitor the requirements of section 148? ...	X		X		X		X

Part V

Procedures To Undertake Corrective Action

	A		B		C		D
	Yes	No	Yes	No	Yes	No	Yes	No
Has the organization established written procedures to ensure that violations of federal tax requirements are timely identified and corrected through the voluntary closing agreement program if self-remediation is not available under applicable regulations?	X		X		X		X

Part VI

Supplemental Information. Provide additional information for responses to questions on Schedule K (see instructions).

Return Reference

Explanation

SCHEDULE K SUPPLENTAL INFORMATION

Schedule K (Form 990) 2015

Additional Data

Software ID:
Software Version:

- TIN:

Schedule L
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Transactions with Interested Persons

Complete if the organization answered
"Yes" on Form 990, Part IV, lines 25a, 25b, 26, 27, 28a, 28b, or 28c,
or Form 990-EZ, Part V, line 38a or 40b.
MediumBullet

Attach to Form 990 or Form 990-EZ.
MediumBullet

Information about Schedule L (Form 990 or 990-EZ) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public Inspection

Name of the organization

DREXEL UNIVERSITY

Employer identification number

23-1352630

Part I

Excess Benefit Transactions (section 501(c)(3), section 501(c)(4), and 501(c)(29) organizations only).
Complete if the organization answered "Yes" on Form 990, Part IV, line 25a or 25b, or Form 990-EZ, Part V, line 40b.

1(a) Name of disqualified person	(c) Description of transaction	(d) Corrected?
1(a) Name of disqualified person	(c) Description of transaction	Yes	No

Enter the amount of tax incurred by organization managers or disqualified persons during the year under section 4958. ........................... Bullet Image

Enter the amount of tax, if any, on line 2, above, reimbursed by the organization ........ Bullet Image

Part II

Loans to and/or From Interested Persons.
Complete if the organization answered "Yes" on Form 990-EZ, Part V, line 38a, or Form 990, Part IV, line 26; or if the organization reported an amount on Form 990, Part X, line 5, 6, or 22

(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	(d) Loan to or from the organization?		(e)Original principal amount	(f)Balance due	(g) In default?		(h) Approved by board or committee?		(i)Written agreement?
(a) Name of interested person	(b) Relationship with organization	(c) Purpose of loan	To	From	(e)Original principal amount	(f)Balance due	Yes	No	Yes	No	Yes	No
(1) DR JOSEPH B HUGHES	KEY EMPLOYEE	PERSONAL		X	90,000	18,000		No	Yes		Yes









Total ............... $						18,000

Part III

Grants or Assistance Benefiting Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 27.

(a) Name of interested person	(c) Amount of assistance	(d) Type of assistance	(e) Purpose of assistance
(1)	2,000	DREXEL LEGACY SCHOLARSHIP	EDUCATIONAL
(2)	9,670	A.J. DREXEL SCHOLARSHIP	EDUCATIONAL
(3)	13,474	TUITION REMISSION	EDUCATIONAL
(4)	21,180	A.J. DREXEL SCHOLARSHIP	EDUCATIONAL
(5)	2,000	DRAGON ALUMNI SCHOLARSHIP	EDUCATIONAL
(6)	6,000	DREXEL LEGACY SCHOLARSHIP	EDUCATIONAL
(7)	2,000	TRUSTEE AWARD	EDUCATIONAL
(8)	1,170	A.J. DREXEL SCHOLARSHIP	EDUCATIONAL
(9)	54,505	TUITION REMISSION	EDUCATIONAL
(10)	16,220	TUITION REMISSION	EDUCATIONAL

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 50056A

Schedule L (Form 990 or 990-EZ) 2015

Page 2

Part IV

Business Transactions Involving Interested Persons.
Complete if the organization answered "Yes" on Form 990, Part IV, line 28a, 28b, or 28c.

(a) Name of interested person	(b) Relationship between interested person and the organization	(c) Amount of transaction	(d) Description of transaction	(e) Sharing of organization's revenues?
(a) Name of interested person		(c) Amount of transaction	(d) Description of transaction	Yes	No
(1) PECO ENERGY COMPANY	TRUSTEE	1,320,883	ELECTRICITY		No
(2) DR MIMI B SHELLER	FAMILY MEMBER OF TRUSTEE	113,278	COMPENSATION		No
(3) VICTOR TRINGALI	FAMILY MEMBER OF TRUSTEE	113,813	COMPENSATION		No
(4) PENNONI ASSOCIATES INC	TRUSTEE	293,435	ENGINEERING		No
(5) KIERA MURASKO-BLANK	KEY EMPLOYEE	49,167	COMPENSATION		No
(6) NEWPORT CAPITAL GROUP LLC	TRUSTEE	147,439	CONSULTANT		No
(7) CONSTELLATION NEWENERGY INC	TRUSTEE	1,911,471	ELECTRICITY		No

Part V

Supplemental Information
Provide additional information for responses to questions on Schedule L (see instructions).

Return Reference	Explanation

Schedule L (Form 990 or 990-EZ) 2015

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE M
(Form 990)

Department of the Treasury

Internal Revenue Service

Noncash Contributions

Complete if the organizations answered "Yes" on Form 990, Part IV, lines 29 or 30.
Right pointing arrow large image

Attach to Form 990.
Right pointing arrow large image

Information about Schedule M (Form 990) and its instructions is at www.irs.gov/form990

OMB No. 1545-0047

2015

Open to Public Inspection

Name of the organization

DREXEL UNIVERSITY

Employer identification number

23-1352630

Part I

Types of Property

	(a) Check if applicable	(b) Number of contributions or items contributed	(c) Noncash contribution amounts reported on Form 990, Part VIII, line 1g	(d) Method of determining noncash contribution amounts
1 Art—Works of art ....	X	4	111,000	FAIR MARKET VALUE
2 Art—Historical treasures .
3 Art—Fractional interests ..
4 Books and publications ..
5 Clothing and household goods .......	X		18,450	FAIR MARKET VALUE
6 Cars and other vehicles ..	X	1	9,649	FAIR MARKET VALUE
7 Boats and planes ....
8 Intellectual property ...
9 Securities—Publicly traded .	X	56	789,304	FAIR MARKET VALUE
10 Securities—Closely held stock .
11 Securities—Partnership, LLC, or trust interests ....
12 Securities—Miscellaneous ..
13 Qualified conservation contribution—Historic structures .....
14 Qualified conservation contribution—Other ...
15 Real estate—Residential .
16 Real estate—Commercial ..
17 Real estate—Other ...
18 Collectibles .....
19 Food inventory ...
20 Drugs and medical supplies .
21 Taxidermy ......
22 Historical artifacts ....
23 Scientific specimens ..
24 Archeological artifacts ...
25 Other ( OTHER GIFTS IN KIND )	X	1	15,000	FAIR MARKET VALUE
26 Other ( )
27 Other ( )
28 Other ( )

Number of Forms 8283 received by the organization during the tax year for contributions
for which the organization completed Form 8283, Part IV, Donee Acknowledgement

Yes

30a

During the year, did the organization receive by contribution any property reported in Part I, lines 1 through 28, that

it must hold for at least three years from the date of the initial contribution, and which is not required to be used

for exempt purposes for the entire holding period? ..................

30a

If "Yes," describe the arrangement in Part II.

Does the organization have a gift acceptance policy that requires the review of any non-standard contributions?

Yes

32a

Does the organization hire or use third parties or related organizations to solicit, process, or sell noncash

contributions? ..........................

32a

If "Yes," describe in Part II.

If the organization did not report an amount in column (c) for a type of property for which column (a) is checked,

describe in Part II.

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 51227J

Schedule M (Form 990) (2015)

Page 2

Part II

Supplemental Information. Provide the information required by Part I, lines 30b, 32b, and 33, and whether the organization is reporting in Part I, column (b), the number of contributions, the number of items received, or a combination of both. Also complete this part for any additional information.

Return Reference	Explanation

Schedule M (Form 990) (2015)

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service

Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
MediumBullet

Attach to Form 990 or 990-EZ.
MediumBullet

Information about Schedule O (Form 990 or 990-EZ) and its instructions is at
www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public
Inspection

Name of the organization

DREXEL UNIVERSITY

Employer identification number

23-1352630

Return Reference	Explanation
FORM 990, PART V, LINES 7G & 7H:	NOT APPLICABLE
FORM 990, PART VI, SECTION A, LINE 2	THERE ARE SEVERAL TRUSTEES WHOM HAVE CONSULTING/BUSINESS RELATIONSHIPS WITH OTHER MEMBERS OF THE BOARD.
FORM 990, PART VI, SECTION B, LINE 11	FORM 990 IS PREPARED BY THE TAX OFFICE AND SUBMITTED TO THE EXECUTIVE VICE PRESIDENT, TREASURER AND CHIEF OPERATING OFFICER FOR REVIEW AND SIGNING. PRIOR TO FILING, FORM 990 AND ALL REQUIRED SCHEDULES ULTIMATELY FILED WITH THE INTERNAL REVENUE SERVICE WERE AVAILABLE TO EACH MEMBER OF THE BOARD OF TRUSTEES FOR THEIR REVIEW AND COMMENT.
FORM 990, PART VI, SECTION B, LINE 12C	DREXEL UNIVERSITY'S CONFLICT OF INTEREST POLICY APPLIES TO ALL EMPLOYEES (WHETHER A KEY EMPLOYEE OR NOT), OFFICERS, AND TRUSTEES OF THE UNIVERSITY. THE CONFLICT OF INTEREST POLICY IS INTENDED TO SATISFY COMPLIANCE REQUIREMENTS AND GUIDE UNIVERSITY PERSONNEL IN AVOIDING THOSE SITUATIONS THAT CAN RESULT IN A CONFLICT OF INTEREST OR COMMITMENT. THE KEY TO AVOIDING THOSE SITUATIONS THAT CAN RESULT IN A CONFLICT OF INTEREST OR COMMITMENT IS TO MAKE CONSTITUENTS AWARE OF WHAT CONSTITUTES A CONFLICT OF INTEREST AND FOR THEM TO DISCLOSE POTENTIAL SITUATIONS BEFORE THE ACTIVITY IS UNDERTAKEN. THE FORMAT FOR THE DISCLOSURE IS FOR EACH EMPLOYEE, OFFICER OR TRUSTEE TO COMPLETE A QUESTIONNAIRE ANNUALLY. THE COMPLETED QUESTIONNAIRE IS SUBMITTED TO THE HUMAN RESOURCES DEPARTMENT IN THE CASE OF EMPLOYEES REVIEWED AS REQUIRED BY THE COMPLIANCE, PRIVACY AND INTERNAL AUDIT OFFICER. COMPLETED QUESTIONNAIRES FOR OFFICERS AND TRUSTEES ARE SUBMITTED DIRECTLY TO THE OFFICE OF THE GENERAL COUNSEL FOR REVIEW. AFTER REVIEW A DETERMINATION IS MADE AS TO WHETHER A CONFLICT OF INTEREST EXISTS AND AT WHAT LEVEL. THOSE EMPLOYEE CONFLICTS THAT ARE DETERMINED TO BE DETRIMENTAL TO THE UNIVERSITY ARE DISCUSSED WITH THE EMPLOYEE AND THE EMPLOYEE IS ENCOURAGED TO TERMINATE THE ACTIVITY. EMPLOYEES WHO WILLINGLY OR OTHERWISE CONTINUE TO VIOLATE THE CONFLICT OF INTEREST POLICY ARE SUBJECT TO DISCIPLINARY ACTION UP TO AND INCLUDING SUSPENSION WITHOUT PAY, DEMOTION OR TERMINATION OF EMPLOYMENT. IN THE CASE OF TRUSTEES, A CONFLICT OF INTEREST QUESTIONNAIRE IS MAILED ANNUALLY. TRUSTEES ARE REQUIRED TO COMPLETE THE QUESTIONNAIRE AND DISCLOSE ANY INTERESTS IN ANY CORPORATION, PARTNERSHIP OR OTHER ORGANIZATION IN WHICH THEY OWN OR CONTROL 5% OR MORE OF THE ENTITY. IT IS THE POLICY OF THE UNIVERSITY NOT TO CONTRACT WITH OR ENTER INTO A COMMERCIAL RELATIONSHIP WITH ANY TRUSTEE OR CORPORATION, PARTNERSHIP, PROPRIETORSHIP OR OTHER ORGANIZATION IN WHICH SUCH TRUSTEE HAS AN INTEREST AS AN OFFICER, DIRECTOR, PARTNER, EMPLOYEE, OWNER, OR CONTROLLING STOCKHOLDER.
FORM 990, PART VI, SECTION B, LINE 15	DREXEL IS COMMITTED TO COMPENSATING ITS EXECUTIVE TEAM AT A FAIR AND COMPETITIVE LEVEL. TO MEET THIS GOAL, DREXEL UNIVERSITY'S HUMAN RESOURCES DEPARTMENT PREPARES AN EXECUTIVE COMPENSATION ANALYSIS ANNUALLY USING THE COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION OF HUMAN RESOURCES (CUPA) SURVEY AND IRS FORM 990 INFORMATION AS THEY RELATE TO THE UNIVERSITY'S PEER GROUPS. POSITIONS INCLUDED IN THE ANALYSIS WERE THE PRESIDENT, EXECUTIVE VICE PRESIDENTS, SENIOR VICE PRESIDENTS, AND HIGHLY-COMPENSATED DEANS. USING THE EXECUTIVE COMPENSATION ANALYSIS, A THIRD-PARTY ADVISOR PREPARED A REPORT AND SUBMITTED THE REPORT TO THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES (THE "COMMITTEE") ALONG WITH CERTAIN PERFORMANCE CRITERIA. THE COMPENSATION ANALYSIS SERVED AS THE BASIS FOR THE PRESIDENT'S RECOMMENDATIONS FOR UNIVERSITY EXECUTIVES. THE THIRD-PARTY ADVISOR PROVIDED THE COMMITTEE WITH A LETTER ON THE APPROPRIATENESS OF THE DECISION-MAKING PROCESS AND REASONABLENESS OF THE PROPOSED COMPENSATION. ALL COMPENSATION WAS APPROVED BY THE EXECUTIVE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES PRIOR TO BECOMING EFFECTIVE ON JULY 1, 2014.
FORM 990, PART VI, SECTION C, LINE 19	DREXEL UNIVERSITY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC IN A VARIETY OF WAYS. THE CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE ON ITS WEBSITE, AND ITS GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST.
FORM 990, PART XI, LINE 9:	DEL/DUO FUND BALANCE AT END OF PRIOR YEAR - RESULT OF MERGER 10,204,318. CONTRIBUTION RECEIVABLE WRITE-OFF -382,143.
FORM 990, PART XII, LINE 2C:	THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES HAS RESPONSIBILITY FOR SELECTING THE INDEPENDENT ACCOUNTANT AND OVERSEEING THE AUDIT. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
PART VI, SECTION B, LINE 16B	THE UNIVERSITY IMPLEMENTED A WRITTEN PROCEDURE, WHICH WAS APPROVED BY THE PRESIDENT'S CABINET, FOR EVALUATION OF JOINT VENTURE ARRANGEMENTS TO ENSURE THAT SUCH ARRANGEMENTS ARE CONSISTENT WITH THE UNIVERSITY'S TAX-EXEMPT PURPOSE.

For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.

Cat. No. 51056K

Schedule O (Form 990 or 990-EZ) 2015

Additional Data

Software ID:
Software Version:

- TIN:

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBullet

Attach to Form 990.
MediumBullet

Information about Schedule R (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047

2015

Open to Public Inspection

Name of the organization

DREXEL UNIVERSITY

Employer identification number

23-1352630

Part I

Identification of Disregarded Entities Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity
(1) DRAGON RISK LIMITED CO 3201 ARCH STREET SUITE 420 PHILADELPHIA,PA19104 47-1086093	LIABILITY INSURANCE	VT	349,496	7,759,562	DREXEL UNIVERSITY
(2) DUC LLC 3201 ARCH STREET SUITE 420 PHILADELPHIA,PA19104 46-4944473	DEVELOPMENT AND INVESTMENT	PA	0	0	DREXEL UNIVERSITY
(3) DREXEL GLOBAL INITIATIVES LLC 3201 ARCH STREET SUITE 420 PHILADELPHIA,PA19104 47-1829445	EDUCATIONAL	PA	0	100	DREXEL UNIVERSITY
(4) DREXEL UNIVERSITY ONLINE LLC 3201 ARCH STREET SUITE 420 PHILADELPHIA,PA19104 47-3606161	EDUCATIONAL	DE	21,522,415	12,809,634	DREXEL UNIVERSITY

Part II

Identification of Related Tax-Exempt Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1)ACADEMIC ASSETS INC 3601 POWELTON AVE LL PHILADELPHIA,PA19104 23-2455915	HOLDING COMPANY	PA	501(C)(3)	LINE 11C, III-FI	DREXEL UNIVERSITY	Yes
(2)ACADEMIC PROPERTIES INC 3601 POWELTON AVE LL PHILADELPHIA,PA19104 23-2411680	STUDENT HOUSING	PA	501(C)(3)	LINE 11C, III-FI	ACADEMIC ASSETS INC		No
(3)THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA 1900 BENJAMIN FRANKLIN PARKWAY PHILADELPHIA,PA19103 23-1352000	MUSEUM	PA	501(C)(3)	LINE 9	DREXEL UNIVERSITY	Yes
(4)11TH STREET FAMILY HEALTH SERVICES INC 3201 ARCH STREET SUITE 420 PHILADELPHIA,PA19104 46-4233500	PROVIDES FACILITIES USE FOR DREXEL UNIVERSITY	PA	501(C)(3)	LINE 11C, III-FI	DREXEL UNIVERSITY	Yes

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2015

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No
(1) 3509 SPRING GARDEN LP 3201 ARCH STREET SUITE 420 PHILADELPHIA,PA19104 46-2116704	REAL ESTATE	PA					No			No
(2) 3509 SPRING GARDEN MT LP 3201 ARCH STREET SUITE 420 PHILADELPHIA,PA19104 46-3273473	REAL ESTATE	PA					No			No
(3) DREXEL UNIVERSITY CITY DEVELOPMENT LLC 3201 ARCH STREET SUITE 420 PHILADELPHIA,PA19104 46-4883724	REAL ESTATE INVESTMENT	PA					No			No

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets		Yes	No
(1) 3509 SPRING GARDEN GP INC 3201 ARCH STREET SUITE 420 PHILADELPHIA,PA19104 46-2117383	REAL ESTATE	PA	DREXEL UNIVERSITY	C	842	3,532,616	100.000 %	Yes
(2) 3509 SPRING GARDEN MT MANAGER INC 3201 ARCH STREET SUITE 420 PHILADELPHIA,PA19104 46-2121349	REAL ESTATE	PA	DREXEL UNIVERSITY	C		149	100.000 %	Yes

Schedule R (Form 990) 2015

Page 3

Part V

Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

Yes

b Gift, grant, or capital contribution to related organization(s) ............................

Yes

c Gift, grant, or capital contribution from related organization(s) ............................

d Loans or loan guarantees to or for related organization(s) ............................

e Loans or loan guarantees by related organization(s) ............................

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

Yes

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

Yes

m Performance of services or membership or fundraising solicitations by related organization(s) .................

Yes

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

o Sharing of paid employees with related organization(s) ............................

p Reimbursement paid to related organization(s) for expenses ............................

q Reimbursement paid by related organization(s) for expenses ............................

Yes

r Other transfer of cash or property to related organization(s) ............................

s Other transfer of cash or property from related organization(s) ............................

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) ACADEMIC PROPERTIES INC	K	1,448,000	BOOK AMOUNT
(2) ACADEMIC PROPERTIES INC	M	204,000	BOOK AMOUNT
(3) THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA	Q	349,000	BOOK AMOUNT
(4) THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA	A	17,000	BOOK AMOUNT
(5) THE ACADEMY OF NATURAL SCIENCES OF PHILADELPHIA	L	1,532,000	BOOK AMOUNT
(6) 11TH STREET FAMILY SERVICES INC	Q	2,715,000	BOOK AMOUNT
(7) 11TH STREET FAMILY SERVICES INC	B	516,000	BOOK AMOUNT
(8) 11TH STREET FAMILY SERVICES INC	K	398,000	BOOK AMOUNT
(9) 3509 SPRING GARDEN LP	Q	550,000	BOOK AMOUNT
(10) 3509 SPRING GARDEN LP	K	280,000	BOOK AMOUNT
(11) 3509 SPRING GARDEN GP INC	Q	1,086,000	BOOK AMOUNT
(12) 3509 SPRING GARDEN MT LP	K	359,000	BOOK AMOUNT

Schedule R (Form 990) 2015

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Schedule R (Form 990) 2015

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R (see instructions).

Return Reference	Explanation

Schedule R (Form 990) 2015

Additional Data

Software ID:
Software Version:

1	Was the organization a U.S. transferor of property to a foreign corporation during the tax year? If "Yes,"the organization may be required to file Form 926, Return by a U.S. Transferor of Property to a Foreign Corporation (see Instructions for Form 926). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
2	Did the organization have an interest in a foreign trust during the tax year? If "Yes," the organization may be required to separately file Form 3520, Annual Return to Report Transactions with Foreign Trusts and Receipt of Certain Foreign Gifts, and/or Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner (see Instructions for Forms 3520 and 3520-A). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
3	Did the organization have an ownership interest in a foreign corporation during the tax year? If "Yes," the organization may be required to file Form 5471, Information Return of U.S. Persons with Respect to Certain Foreign Corporations. (see Instructions for Form 5471). . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
4	Was the organization a direct or indirect shareholder of a passive foreign investment company or a qualified electing fund during the tax year? If “Yes,” the organization may be required to file Form 8621, Information Return by a Shareholder of a Passive Foreign Investment Company or Qualified Electing Fund. (see Instructions for Form 8621) .	Yes	No
5	Did the organization have an ownership interest in a foreign partnership during the tax year? If "Yes," the organization may be required to file Form 8865, Return of U.S. Persons with Respect to Certain Foreign Partnerships. (see Instructions for Form 8865). . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No
6	Did the organization have any operations in or related to any boycotting countries during the tax year? If "Yes," the organization may be required to separately file Form 5713, International Boycott Report (see Instructions for Form 5713).. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .	Yes	No